Press release provided by Laminate Technologies
Fred Zoeller, President CEO /Founder of Laminate Technologies, Inc., has announced the acquisition of Laminating Technologies, LLC. a wood product manufacturer based in White City, Oregon also with a location in Spokane Washington. Laminate Technologies, Inc. is a Tiffin, Ohio based company operating four manufacturing locations including Tiffin, Ohio, Gallatin, Tennessee, Diboll, Texas, and Ridgeway Virginia, making Laminate Technologies, Inc. the largest independent laminator in the US. Mr. Zoeller stated that he is excited to add the two facilities to the company provided better opportunities to reach new markets and projecting that business will double within the next five years.
Rick Clark, CEO of Laminating Technologies in Oregon says he is looking forward to this transaction because it will, he said “Ensure the long term viability of our company for both our employees and clients”. He further stated that “the tradition of great quality manufacturing and customer service will remain in place based on the history of Laminate Technologies, Inc. and their team.”
Laminate Technologies Inc. currently employs more than 200 people and this transaction will retain an additional 55 jobs.
Randy Joseph, COO of Laminate Technologies, Inc., stated that he is looking forward to unifying of the two companies. “This acquisition is a great strategic alliance as it relates to our companies production capabilities, geographic footprint and customer driven approach. Mr. Joseph further said “We have a culture of treating our staff as family and will continue that tradition in the Oregon and Washington facilities”.
Mr. Zoeller commented that this transaction would have not been possible without the cooperation and assistance of Colleen Padilla of the Southern Oregon Regional Economic Development, Inc., and Rob Merriman from the State of Oregon , Zoeller said “The support and encouragement of all those who assisted us in bringing this transaction together was amazing. I am very grateful to all of these individuals and especially to Rick Clark and his team and I am excited about the future for both companies.”