Brookings, South Dakota-based Falcon Plastics announced that it has acquired Poly-Cast, Inc., headquartered in Tigard, Oregon. This acquisition will immediately align under the company’s business structure.
The acquisition enhances Falcon Plastics’ custom injection molding business through extended service and product offerings with the addition of wax molding components and further reaching market share in the industrial, medical, automotive and recreational markets. This acquisition will enhance Falcon Plastics’ business model as a full-service solutions provider in the custom molding sector.
Following the acquisition, Falcon Plastics will operate facilities in three states — South Dakota, Tennessee and Oregon, in addition to the Poly-Cast facility in Suzhou, China — allowing the company to further optimize and expand customer services and logistics.
“While considering the sale of Poly-Cast, Inc., it was important that our decision included three critical criteria,” said Dan Leedom, owner and CEO of Poly-Cast, Inc.:
- A similar family business environment and culture
- It had to be beneficial to the growth of the organization, the employees and the clients
- The third generation in the business, Jeff Leedom, continue participating in building the business
“I am proud to say that we were able to achieve all of this — I could not be more excited about the future of our clients, our team members and the new direction of our organization,” Dan Leedom said.
With the close of the acquisition, Dan Leedom will join Falcon Plastics as sales account manager in the Northwest. Current Poly-Cast Suzhou General Manager Jeff Leedom will take the reins as general manager of both the Tigard, Oregon, and Suzhou, China, facilities. Falcon Plastics also plans to integrate the Poly-Cast team of more than 60 employees directly in to its core structure.
“I am truly excited about the opportunity this acquisition will bring to everyone we work with,” stated Jay Bender, president of Falcon Plastics. “The culture and mutual values of Poly-Cast and Falcon Plastics are closely aligned. This addition will open up a whole new territory for us in the northwestern US and bring additional capabilities and resources to our entire team.”
For more information, visit www.falconplastics.com.