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Parkway Products News

For all news regarding Parkway’s facilities, please visit the Parkway News page.

NEWS

Parkway Products Announces Acquisition of LMR Plastics

August 28, 2017 – Parkway Products, LLC announced that it has completed the acquisition of LMR Plastics from Leonard Industries Manufacturing, LLC.   The Greeneville, TN business adds large tonnage injection molding capability, up to 1750T, and in-mold decorating technology to Parkway’s product manufacturing offering.  The location becomes the company’s eighth North American production operation and fifth operation in the southeast.

“LMR Plastics’ service-driven culture and operational excellence approach aligns with Parkway,” says Parkway CEO Al Ridilla, “this combination offers LMR and Parkway customers more manufacturing options and improved solutions to maintain and grow their market-leading positions.”

It is vital to both businesses that the client-customers and employees experience a seamless transition.  Parkway will continue operation of the Greeneville facility as LMR, a Parkway Company, in cooperation with the on-going management team.  LMR Plastics President Bob Leonard will join the Parkway Board with private equity sponsor Capital Partners.

 “We are excited about LMR joining together with Parkway and Capital Partners,” commented LMR President Bob Leonard, “our collective depth, capabilities and dedication to improvement make for a strong future for our clients and employees.”

About Parkway Products

Parkway Products, founded in 1946, is a diversified manufacturer offering five custom molded technologies that include Thermoplastic Molding, High Performance Polymers, Magnesium Thixomolding, Thermoset Composites, and Paint & Laser Etch from 8 production facilities in the United States and Mexico. With over 500 dedicated employees, Parkway serves industry leaders in the Energy & Infrastructure, Industrial, Aerospace & Defense, Technology, Automotive, Lawn & Garden, and Healthcare markets.

About Capital Partners

Capital Partners is a private investment firm founded in 1982. The principals have invested in more than 75 platform and add-on acquisitions across a variety of industries. Based on the combination of solid investment discipline and a low leverage approach, the firm has successfully partnered with management teams through multiple economic cycles.

BTL Industries Wins Governors Safety Award

Tennessee Department of Labor & Workforce Development Commissioner Burns Phillips announced that BTL Industries, Inc. located in Greeneville, Tennessee, was chosen to receive the Governor’s Award of Excellence for Workplace Safety and Health.

“BTL Industries has demonstrated strong commitment to maintaining a safe and healthy workplace,” said TOSHA Assistant Administrator Jim Flanagan, who presented the award yesterday at the BTL plant in Greeneville. “The evaluation criteria for this award are challenging, and this company has worked extremely hard to meet and exceed the standards the award requires.”

The Governor’s Award of Excellence honors Tennessee employers and employees who meet a required number of hours, 200,000 in the case of BTL, without a workplace injury serious enough to cause an employee to miss a day of work or restrict normal job activities. The number of hours required is based on the size of the company.

BTL Industries employs 75 people manufacturing electrical components for the transformer industry. BTL, which had its last recordable injury in April of 2015, has worked over 276,000 hours since that time. The award was presented by Jim Flanagan to the safety committee, who accepted on behalf of the entire workforce of BTL.

BTL recently reached 12 years without a lost time injury. This equated to over 2,100,000 hours since the last lost time injury on February 22, 2005.

Mike Letts, General Manager, stated, “Our employees work together to make BTL one of the safest plants in the state. Through safety suggestions, safety committees, training and audits, we help everyone leave work safely every day.”

For more information or questions, please call Cal Doty at 423-327-4617.

Leonard Manufacturing Resources Announces Outstanding Safety Performance

PRESS RELEASE

Contact:    Mike Letts

Director, Business Development

Phone:  423-639-9141

FOR IMMEDIATE RELEASE – February 27, 2017

 

Leonard Manufacturing Resources Announces Outstanding Safety Performance

Two of the companies that are a part of Leonard Manufacturing Resources have recently reached significant milestones in their safety performance. Both LMR Plastics of our Plastics Division and BTL Industries of our Contract Manufacturing Division stress safety in their daily performance; and the results speak loudly about the companies and their employees’ commitment to safety.

BTL Industries, a contract manufacturer in the electrical components industry, recently reached 12 years without a lost time injury. This equated to 1,910,272 hours since the last lost time injury on February 22, 2005.  In addition, the employees of BTL have worked 250,263 hours since their last workplace injury.  Mike Letts, General Manager, states, “This safety performance is not a matter of luck.  It is all employees being focused on their jobs and their fellow employees’ actions.”

LMR Plastics, a custom supplier of plastic injection molded parts to various industries, has also had a record year concerning their safety performance. For the first time in LMR Plastics history, the company achieved a calendar year with no accidents.  This was accomplished during a year of record sales.  In addition, LMR Plastics has worked 1,379,676 hours since their last lost time incident.  The employees have worked over 262,048 hours since their last recordable injury.  Mike Briggs, General Manager, adds, “We have a dedicated group of employees who believe safety is first.  We work to be a safe workplace every day and appreciate all the hard work of our people to this commitment.”

If you consider these companies together, the two Leonard Manufacturing Resources Divisions have worked over 3,200,000 hours without an employee losing work due to injury. Employee involvement through safety committees, suggestions, audits, and dedication to their jobs has allowed the companies to build on this successful safety record.  This commitment to safety and to its employees is a testament to the Leonard Manufacturing Resources way of doing business.

Leonard Manufacturing Resources utilizes the power of combined capabilities and expertise of our engineering and manufacturing processes to serve other businesses. We offer a host of strategic solutions including plastic injection molding, contract manufacturing, and supply chain management.  We strive to be a one-stop solution provider that generates more value and more operating efficiencies for our clients.

John Deere Awards LMR Plastics Partner Level Award for 12th Consecutive Year

FOR IMMEDIATE RELEASE – January 11, 2017

LMR Plastics earns recognition as a John Deere “Partner-Level Supplier ” for 12th Consecutive Year

Greeneville, Tennessee – LMR Plastics has earned recognition as a Partner-level supplier for 2016 in the John Deere Achieving Excellence Program. The Partner-level status is Deere & Company’s highest supplier rating.  The Greeneville-based company was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement for the 12th consecutive year.  During that time LMR Plastics also received two Hall of Fame acknowledgements and was named Supplier of the Year within their category three of those years.

LMR Plastics is a supplier of plastic injection molded components to John Deere’s operations in Greeneville, Tennessee; Horicon, Wisconsin; Augusta, Georgia; and Fuqua-Varina, North Carolina.

Suppliers who participate in the Achieving Excellence program are evaluated annually in several key performance categories, including quality, cost management, delivery, technical support and wavelength, which is a measure of responsiveness. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement.

LMR Plastics manufactures and supplies custom plastic injection molded products to various size companies in a variety of industries from its location in Greeneville, Tennessee. With its expertise in plastic injection molding, LMR Plastics has established customers in power lawn care products, filtration products, industrial controls, automotive, and telecommunications. In addition to injection molding, LMR Plastics offers value-add operations including assembly, plastic welding (hot plate, ultrasonic, spin), hot stamping, pad printing and heat staking.

A privately owned company, LMR Plastics was founded in 1973, and has operated under the current family ownership of the Leonard family since September 1996.

T.RAD North America Recognizes LMR Plastics for Delivery Performance

PRESS RELEASE

Contact:    Mike Letts

Director, Business Development

Phone:  423-639-9141

FOR IMMEDIATE RELEASE – July 15, 2016

T.RAD North America Recognizes LMR Plastics for Delivery Performance

Greeneville, Tennessee – T.RAD North America recognized LMR Plastics at it’s annual supplier convention for delivery performance. LMR was one of only two suppliers to T.RAD who achieved recognition for this prestigious award.

T.RAD North America is a global manufacturer of heat exchangers for internal combustion engines, architectural HVAC units, battery cooling, and fuel cell cooling products.

“Receiving this recognition is a plus for our entire team,” states LMR Plastics General Manager Mike Briggs. “This is our first year of doing business with T.RAD and to receive this award through the startup of a new product speaks volumes of our pre-production as well as our production teams.”

LMR Plastics manufactures and supplies custom plastic injection molded products to various size companies in a variety of industries from its location in Greeneville, Tennessee.  With its expertise in plastic injection molding, LMR Plastics has established customers in power lawn care products, filtration products, industrial controls, automotive and telecommunications. In addition to injection molding, LMR Plastics offers value-add operations including assembly, plastic welding (hot plate, ultrasonic, spin), hot stamping, pad printing and heat staking.

A privately owned company, LMR Plastics was founded in 1973, and has operated under the current family ownership of the Leonard family since September 1996.