Rotonics Manufacturing Inc. completed the sale of its plant in Gardena, Calif., the company announced.
The company consolidated plant operations from nine locations into three in Colorado, Minnesota and Illinois.
"Subsequent to our close announcement, we entered into discussions with Rotational Molding Inc., a California corporation headed by Sherman McKinnis," CEO Richard Leary said. "Those discussions have led to a final asset purchase agreement between Rotonics and Rotational Molding in which the assets of the Gardena plant will be transferred. This asset sale represents the best outcome for Rotonics' strategic restructuring, the majority of our California associates and the business interests of Rotational Molding Inc."
Rotonics is one of the largest rotational molding companies in the United States. Its three manufacturing branches across the country offer a diverse product line, from buoys and pontoons, linen and laundry carts to bins and pallets, and refuse containers.