Industrial

Laminate Technologies acquires manufacturer

Press release provided by Laminate Technologies

LamTech logoFred 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.”

Local investors announce OCECO acquisition and expansion

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President & CEO Mike Ruhe and Manufacturing & Marketing Manager Keith Ricker

Total investment to exceed $2.5 million

TIFFIN, OHIO – August 10, 2017 – Investors announced this week the purchase of OCECO Inc., located in the Airport Industrial Park in Tiffin, as well as plans to expand the business. The new owners have purchased the business, and are in the process to purchase the real estate, as well as invest in new equipment. They also plan on adding six new employees to the existing workforce.

President and CEO Mike Ruhe sees room for growth in the business: “We have identified opportunities to expand sales, and we are very impressed with the employees; they know we need to grow and they are ready.”

Founded in 1921, OCECO is a fabricator of high quality safety equipment for flammable liquid storage and wastewater gas disposal systems. They supply airports and energy companies like Marathon and Exxon Mobile and also do a large amount of business with municipalities, food production, and factory farms. Key products include fittings, flame arrestors and gas purification systems. They operate out of a 38,000 square foot facility in the Airport Industrial Park and have nine employees.

Seneca County Commission President Mike Kerschner is pleased to see the company grow: “OCECO has been a presence in the community for many years. It’s great to see new investment breathing new life into an existing company.”

The purchase of OCECO has been in development for more than a year, and the new owners are working with several banks, SIEDC, and other partners to obtain funding and receive assistance with export promotion and energy efficiency incentives. Previous owner Dick Borer, who purchased the company from Pettibone, worked diligently in finding new leadership to keep the business in Tiffin, and will be assisting with the transition.

About OCECO
OCECO – originally an abbreviation of Oil Conservation Engineering Company – was started in Cleveland, Ohio in 1921, and was the first supplier of a complete line of venting and tank fitting equipment.

About SIEDC
Started in 1983, the Seneca Industrial and Economic Development Corp. (SIEDC) is a private, non-profit corporation dedicated to driving positive economic, downtown, and community development in Tiffin and Seneca County, Ohio, which consistently ranks among the top communities nationally for economic development. Learn more about the great things going on in Tiffin and Seneca County at www.senecasuccess.com.