Plastic Services and Products Inc., a division of PMC Global, was purchased by a private investment trust July 1 and will now operate under the name of Plastic Services and Products LLC.
The newly named company
will continue to operate the current ABS pipe plant in Centralia, Wash., and is
in the process of setting up a new ABS pipe plant in Utah. The Utah plant will
be using the equipment from PMC’s former Sun Valley, Calif., plant, as well as
additional new equipment that will increase production by 30 percent, according
to the company.
investment trust that purchased Beehive Pipe Products (formerly known as
Standard Pipe Nipple Mfg. Co.) in 2006 is involved in the Plastic Services and
Products transaction. The combined companies will offer a complete line of
domestic metal and PVC S.80 pipe nipples, ABS-DWV pipe and ABS-DWV pipe
fittings, along with other plumbing items currently being offered thru Beehive
Pipe Products. ABS pipe is currently available at both locations and ABS
fittings will be available in January 2009.
Products and Plastic Services and Products will operate as sister companies
with combined management and sales teams. Hernan Hincapie
will be the director of the pipe manufacturing operations. Nick Hanna
will be director of molding and threading operations. Susan Yerkes
is the director of sales and marketing. Claire Nielsen is
trustee for the investment group that manages the companies.
Reese, who at one time was a principle in Standard Plastics, has been
retained as a consultant to assist in the trust’s management and to act as a
temporary financial advisor. He will consult through the end of 2008.
ABS Pipe Manufacturer Purchased
October 7, 2008