Victaulic today announced it acquired a manufacturing facility along Pennsylvania’s north-central border. In fact, the facility has been closed since last year and locates in Lawrenceville, Tioga County.
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Victaulic acquires new plant in Pennsylvania
This Wednesday, Victaulic announced the acquisition of a manufacturing facility located in Lawrenceville, Tioga County. Indeed, this plant has been closed since last year.
According to the Company, the new foundry, when fully operating, will increase Vitaulic’s production by 70% in the U.S. Furthermore, it will allow for future growth.
Therefore, the facility, which includes two foundry molding lines, will also enable Victaulic to manufacture products in larger sizes and shapes.
Furthermore, the Company, with headquarters on Kesslersville Road, anticipates adding about 90 jobs with the acquisition. However, Victaulic did not say when production would be resuming. Also, it did not disclose the acquisition’s price.
Victaulic Chairman John F. Malloy said in the release that, “the addition of Waupaca’s Lawrenceville foundry will provide the scale and capacity necessary to continue (their) growth plans. Consequently, it will service (their) valued North American customers.”
“A major aspect of our business strategy has always been to manufacture products close to our customers,” the Chairman added.
The Company’s expansion
In fact, the Tioga plant closed in August last year, according to a news release. Therefore, company officials blamed the closing on the excess capacity for its product.
In the past, the plant produced automotive-suspension components. Furthermore, this included control arms and brackets, for car manufacturers. As a result, Waupaca moved production to other plants, but the shutdown eliminated 200 jobs in Tioga.
Moreover, Waupaca officials and Republican state Rep. Clint Owlett, whose district includes Tioga County, said Wednesday that Victaulic’s acquisition would keep jobs in the region.
“It’s a good foundry, not that old, with a great workforce,” Owlett said. Besides, the official added local and staff officials collaborated in finding a buyer.
“What’s exciting for us is, it’s a Pennsylvania-owned company that’s 100 years old,” Owlett said of Victaulic. Also, “their commitment to their community and their mission will be a good fit for Tioga County.”
Finally, the Company is expanding, with a 400,000-square-foot manufacturing plant in Lower Nazareth Township. Indeed, worldwide, Victaulic has 11 manufacturing facilities, 20 distribution hubs and employs about 4,500 people.