Press Release
ROOKINGS, S.D. (Nov. 1, 2019) – Falcon Plastics has announced that it has acquired Poly-Cast, Inc., headquartered in Tigard, Oregon. This acquisition will immediately align under the company’s business structure.
The acquisition enhances the Falcon Plastics custom injection molding business through extended service and product offerings with the addition of wax molding components and further reaching market share in the industrial, medical, automotive, and recreational markets. This acquisition will enhance Falcon Plastics business model as a full-service solutions provider in the custom molding sector. Following the acquisition, Falcon Plastics will operate facilities in three states — South Dakota, Tennessee, and Oregon, in addition to the Poly-Cast facility in Suzhou, China — allowing Falcon Plastics to further optimize and expand customer services and logistics.
“While considering the sale of Poly-Cast, Inc. it was important that our decision included three critical criteria,” stated Dan Leedom, Owner and CEO of Poly-Cast, Inc.
- A similar family business environment and culture
- It had to be beneficial to the growth of the organization, the employees, and the clients
- The third generation in the business, Jeff Leedom, continue participating in building the business
I am proud to say that we were able to achieve all of this—I could not be more excited about the future of our clients, our team members, and the new direction of our organization”.
With the close of the acquisition, Dan Leedom will join Falcon Plastics as Sales Account Manager in the Northwest. Current Poly-Cast Suzhou General Manager, Jeff Leedom, will take reign as General Manager of both the Tigard, Oregon and Suzhou, China facilities. Falcon Plastics also plans to integrate the Poly-Cast team of over 60 employees directly in to its core structure. Key suppliers of both companies will continue to play a vital role in the success of our business strategy.
“I am truly excited about the opportunity this acquisition will bring to everyone we work with” stated Jay Bender, President of Falcon Plastics. “The culture and mutual values of Poly-Cast and Falcon Plastics are closely aligned. This addition will open up a whole new territory for us in the Northwestern US and bring additional capabilities and resources to our entire team.”
About Falcon Plastics:
Falcon Plastics is a family owned and operated business, headquartered in Brookings, SD. Founded in 1975, Falcon Plastics has been molding customer ideas into a wide variety of products in use every day by people all over the world. Falcon Plastics currently operates three manufacturing facilities with over 250,000 sq. ft. of facilities in Brookings and Madison, SD, and Lexington, TN, as well as a partnership in Suzhou, China.
About Poly-Cast:
Founded in 1972 in Portland, Oregon, Poly-Cast’s mission is to serve innovation-driven markets with high quality plastic molded parts. Since its formation, Poly-Cast has repeatedly been recognized by clients as a high quality, responsive supplier for transportation, medical, instrumentation, industrial, and consumer plastic products.