A Findlay company has sold one of its manufacturing facilities to a Missouri-based competitor. The St. Louis Business Journal reports the Centrex Plastics facility in Tiffin is now owned by Katy Industries. Katy is paying $23.9 million in cash, plus earnout payments of no less than $2.3 million over three years. The deal includes Centrex’s affiliate, T.R. Plastics Inc.
Centrex will continue to operate its Findlay plant.
The business journal reports Katy and Centrex will collaborate to take advantage of a growing market for home storage projects.by Read More →