Erie-based Thermoclad, which makes PVC powder coatings for products such as fencing and dishwasher racks, has been sold to Protech/Oxyplast Group of Montreal.
Protech said in a statement that it will maintain Thermoclad’s liquid and powder manufacturing operations in Erie. Thermoclad currently operates in Erie from two locations — its corporate office at 361 W. 11th St. and a manufacturing location at 4690 Iroquois Ave.
Martin Renkis, chairman of the Thermoclad Company and son of founder Alan Renkis talked in a statement about his father, who started the company after immigrating from Latvia after World War II.
“Our Dad always had a strong sense of pride in his work, especially in the ground-breaking technologies Thermoclad developed,” he said.
Renkis concluded, “Our family is pleased to see another successful family-run company like Protech continue Thermoclad’s tradition of innovation and keep our dedicated employees here in Erie.”
No price was disclosed for the sale, which is expected to be finalized in mid-December.