Plastic Suppliers, Inc. (PSI) plans to optimize its operational footprint by moving all operations to its headquarters in Columbus, Ohio, by the end of January. Locations in Dallas, Texas and Fullerton, California, will close.
PSI’s Columbus location will continue to offer a variety of specialty packaging and industrial films to the company’s North American customer base including manufactured, converted and distributed product lines.
"Business decisions impacting the livelihood of our employees are extremely difficult," said PSI President and CEO George Thomas. "This move reflects a disciplined effort to enhance operational efficiencies and directly supports our sustainable growth activities.”
PSI is working with government agencies, communities and their employees to make as positive a transition as is possible, including providing separation pay and other benefits.
PSI will also upgrade manufacturing sites in Columbus and Ghent, Belgium, directly supporting growth in manufactured products. PSI is strengthening its existing business in core markets, increasing growth in developing and emerging markets, and driving increased value-added innovation. PSI flexible film innovations include EarthFirst compostable sealants, EarthFirst compostable shrink sleeve films and PolyFlex shrink sleeve packaging and labeling product lines.
“PSI has an increasing business need to better align our assets with marketplace trends and customer demand,” Thomas said. “To that end, we are taking action to ensure our manufacturing network is operating the right number of plants and production lines – in the right locations – to best meet the current and future needs of our customers.”
Plastic Suppliers, Inc.