Intek Plastics is proud to announce the acquisition of a 72,000-square-foot extrusion facility in Medford, Wisconsin. With complementary equipment, the facility is structured to manufacture high-quality extrusion solutions for the fenestration market.
“This acquisition is part of our long-term growth and diversification initiatives,” says Kevin Hogan, CEO. “In addition to continuous investment in our Hastings facility, adding the Medford plant greatly increases our twin-screw extruder capacity. This allows us to immediately support the growth of our customers and further expand into the agriculture, power, infrastructure, lighting and other markets.”
The Wisconsin facility provides an important risk reduction with analogous production capabilities from two locations. The equipment acquired is equivalent to Intek’s best-in-class, high-volume twin-screw extruders in the Hastings facility. Intek will also utilize its advanced processes and systems in the new facility to deliver the same responsive, expert services and quality that customers expect.
A family-owned business for over 60 years, Intek has a culture and values that are dedicated to learning and team development for the success of employees, customers and partners. The company is focused on growth, both organically and through acquisition. Intek Plastics is assembling a strategic portfolio of plastics capabilities to achieve its vision of becoming one of the largest and most respected plastics companies in the world.
Source
Intek Plastics, blog, press release, 2024-03-05.
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