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Plastics Manufacturing - Pennsylvania (PA)

Like many industries over the past few years, plastics manufacturers in Pennsylvania have faced several challenges while taking advantage of multiple opportunities.

For many plastic molding manufacturers, time is spent on minimizing unplanned downtime, managing material costs, addressing the skilled worker shortage and controlling process variations. One of the most significant issues facing the plastics industry is inflation. Not only is inflation driving up the cost of supplies, including resin, but it has sharply increased the cost of capital and reduced borrowing options.

Throw in external factors such as the pressure to re-shore, which requires additional investments in labor, equipment, and processes, and it’s clear your growth trajectory may look different this year.

When facing times of uncertainty, plastics manufacturers in Pennsylvania must manage the variables they can control. Your relationship with your accounting firm is one of those factors.  Working with a certified public accounting (CPA) firm with the relevant technical expertise and experience in your industry will allow you to navigate tax liabilities, right-size your finance department’s structure with outsourcing and automation and present a strong financial picture for audit requirements and overall management decisions.

Plastics PROCESSOR Experience – Pennsylvania (PA)

Adams Brown, Strategic Allies, and CPAs is a certified public accounting firm serving the accounting, payroll, tax, audit, technology, managed IT, cybersecurity, business valuation, succession planning, estate planning, and wealth management needs of plastics industry companies.

To provide plastics accounting services to reduce your compliance burdens and achieve financial goals, our team works with plastics processors of all sizes throughout the country. This includes serving manufacturers in several sectors, including:

  • clear plastics manufacturers,
  • custom plastics manufacturers,
  • general plastics manufacturing,
  • hard plastics manufacturers,
  • plastic injection molding manufacturers,
  • plastic extrusion manufacturers.

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Valuation CAse STUDY:
Central States Marketing & manufacturing

This case study explores the valuation and succession planning process for Central States Marketing and Manufacturing, a family-owned business in the custom plastic extrusion industry in McPherson, KS. As the founder, Chuck Singleton, approaches retirement, the need to transition the business to his sons, Zack and Tyler, becomes imminent. Facing the challenge of lacking a formal business valuation to guide the transition, the company engaged Adams Brown to perform an analysis.

 

PLASTICS MANUFACTURING SERVICES – PENNSYLVANIA

 

  • Controller & CFO Services
  • Outsourced Accounting
  • Payroll
  • Tax Planning & Compliance
  • Audit & Assurance Services
  • Managed IT Services
  • Cybersecurity Consulting
  • Merger & Acquisition Consulting
  • Technology and vCIO Consulting
  • Business Valuation
  • Succession & Estate Planning
  • Wealth Management
  • Retirement Planning

Plastics Manufacturers in Pennslyvania

PA Plastics ManufacturingThe Pennsylvania plastics manufacturing community is a vibrant and integral part of the state's industrial fabric. This sector represents a deep-rooted history of manufacturing prowess combined with a commitment to innovation and sustainability. Situated within a state known for its strategic northeast location and rich industrial legacy, Pennsylvania's plastics sector flourishes due to its access to major markets, sophisticated logistics infrastructure and a dense network of suppliers and service providers.

The community encompasses a broad spectrum from small, niche manufacturers to large, globally-operating corporations. Manufacturers in the state specialize in a wide range of products and processes including injection molding, extrusion and advanced polymer technologies. Pennsylvania's workforce is enriched by a tradition of manufacturing excellence and is supported by leading-edge research institutions and technical schools, ultimately driving growth and innovation. These institutions collaborate closely with the industry on cutting-edge research in materials science and engineering, contributing to advancements in sustainable materials and recycling methods. The Pennsylvania plastics manufacturing community not only plays a pivotal role in the state's economy but also stands at the forefront of addressing the global challenges of sustainability and environmental responsibility in the plastics industry.

National Reach

We also provide services to plastics manufacturing companies in Arkansas (AR), California (CA), Georgia (GA), Illinois (IL), Indiana (IN), Kansas (KS), Ohio (OH), North Carolina (NC), Michigan (MI), Missouri (MO), Pennsylvania (PA), Texas (TX), and Wisconsin (WI).