Following plant closure, PendaForm to sell equipment in online auction
Thermoformer PendaForm Co. is selling plastics extrusion and thermoforming equipment, among other assets, in an online auction following the closure of its facility in Bluffton, Ind., earlier this year.
PendaForm, a maker of thermoformed plastic truck bed liners and other accessories for aftermarket customers and automotive OEMs, announced the closing of its 86,000-square-foot plant in January after a strategic review of the business segment. The company, which is headquartered in New Concord, Ohio, laid off 75 employees, according to a company notice.
“All of the Bluffton, Ind., employees were offered employment at either of the two manufacturing facilities located in Portage, Wis., as well as relocation assistance and incentives,” PendaForm CEO John Brown said in an email.
Additionally, Brown said the sales, customer service and production at the Bluffton plant was transferred to its two Wisconsin facilities, where PendaForm has added new extrusion pelletizing lines and has plans for a sheet extrusion line.
“Proceeds from the auction will be used to acquire new equipment in Portage, Wis.,” Brown added.
For further information, visit: www.soldtiger.com