A Penn Township plastic manufacturer expects to double in
size after a merger with a Washington company.
McClarin Plastics, headquartered at 15 Industrial Dr.,
announced its merger with Amtech Corporation on Tuesday , according to a news
release from the companies.
The combined companies will operate under the McClarin
Plastics name. Under this new structure, McClarin expects to have more than $75
million in revenues, more than 500 employees, and 650,000 square feet of
manufacturing facilities in Pennsylvania, Alabama and Washington, the release
states.
The merger is also expected to create an additional 150
jobs within the company, according to the release. Company officials were not
immediately available to provide further details.
Management teams from both companies will remain in place
with Todd Kennedy, current CEO of McClarin, and Doug Christie, current CEO of
Amtech, serving as co-CEOs, the release states.
"This merger will make McClarin Plastics, LLC a
national provider with facilities within one to two days shipping for 80 to 90
percent of the market," Christie said in the release. "Our six major
production processes will address roughly 45 percent of the $35 billion U.S.
composites industry."
McClarin, founded in 1953, makes and exports plastic
components for industrial, agricultural, medical and other applications, the
release states. Amtech, based in Wapato, Washington, has designed and
manufactured products for commercial and military use since 1987.
Source: The
Evening Sun
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