Altoona-based New Pendulum Corporation, a managed portfolio specializing in manufacturing and industry, recently purchased Easton-based Bardot Plastics, a custom injection molding company.
“Our portfolio approach has been one of logical, diligent expansion to create as much benefit as possible for the New Pendulum family of companies,” Mark Woytowich, New Pendulum vice president of strategic integration, said. “Specifically, with the acquisition of Bardot Plastics, we are adding a key component to our plastics manufacturing capabilities, one we believe will pay significant dividends across all of our operations.”
Bardot Plastics will become a New Pendulum subsidiary called Bardot Plastics LLC.
“It has been a great experience working with New Pendulum, from our broad discussions on philosophy, fit, and family business to all of the small details that need to be covered during due diligence and closing process,” Rick Boucher, Bardot Plastics president, said.
This is New Pendulum’s second acquisition in less than 12 months. The purchase allows New Pendulum to expand across the spectrum of plastics manufacturing processes and adds meltblown nonwoven production, rotational molding and injection molding to its portfolio.
New Pendulum focuses on creating increased profitability through long-term investment, sound corporate stewardship, and leveraging omnichannel expertise. It has a family of 13 companies, holdings in nine countries, and more than 800 employees.