TriEnda Holdings has acquired The PendaForm Company, creating a partnership that’s expected to bring 50 new jobs to Portage.
TriEnda is officially controlled by Oklahoma-based Kruger Brown Holdings, which purchased TriEnda in April 2014. TriEnda’s purchase of PendaForm occurred in late December.
TriEnda specializes in heavy-gauge plastic pallets and shipping containers. PendaForm makes pickup bed liners and accessories. TriEnda is located at N7660 Industrial Road, and PendaForm is located at 2344 W. Wisconsin St.
The merger means TriEnda now has 500 employees in Portage between the two plants.
In addition to previous duties, TriEnda CEO John Brown becomes the new CEO of PendaForm, and TriEnda President David Kruger becomes PendaForm’s new president.
The two companies together are expected to generate more than $200 million in annual sales, Kruger said. TriEnda had in 2015 reported sales of $51.5 million, according to Plastics News.
“It means my day’s a lot busier,” Kruger said of the merger. “We’re excited about the opportunity. It’s good for Portage.”
“This makes both companies stronger and brings growth to our area,” Kruger said. “Our biggest challenge is we need more employees.”
Read the full article as originally published by Wiscnews.com