Harrington Industrial Plastics announced that it has completed the acquisition of Aetna Plastics in partnership with Aetna management. Financial terms of the deal weren’t disclosed.
Gary Davis, president of Aetna, will be joining Harrington to drive the business forward. He said, “The combination of Aetna’s capabilities with Harrington’s national reach is a powerful one. This merger is great for customers and for employees and offers us the chance to partner with a market leader and really focus on growing our business.”
Added Harrington President David Abercrombie: “Aetna’s market leading position in fabrication combined with Harrington’s national reach offers tremendous nationwide growth potential for our two companies. Aetna’s local strength in industrial plastics and process piping systems will add significantly to our regional capabilities. Coming on the heels of our $2.5 million investment to establish a distribution center in Fort Wayne, Indiana, this investment speaks volumes of our belief in the region, its people, and its potential.”