A Dresden business has been sold.
Abtex, which produces customized, integrated machine and brush deburring solutions for the manufacturing industry, has been sold to another company known as The Malish Corporation.
The acquisition was a ‘natural fit’ for the Ohio-based company. Malish manufactures commercial and industrial brushes, custom plastic extrusions, and other speciality products, according to The Chronicle-Express.
The deal was announced recently after being finalized at the start of the month.
“The acquisition of Abtex Corporation further diversifies The Malish Corporation’s product offering,” said Malish in a release. “The talent and resources provided by the acquisition will enhance the Malish Corporation’s and Abtex’s ability to provide the highest quality products and services to its customers. Abtex will remain a standalone entity with all employees remaining with the company. Jason Saner will continue as President to guide Abtex to new heights. Customers and suppliers should see no change in business operations. We look forward to working together now and into the future.”
Meanwhile, Abtex President Jason Saner said the acquisition won’t change much at the facility. “The Malish Corporation has made a long-term commitment to growing Abtex exactly where it is in Dresden,” he told the Express. “This promise from Jeff Malish (President and CEO), is a testament to the caliber of employees we have been able to attract and retain over the years, as well as a nod to the terrific job that Steve Griffin and his team at the Finger Lakes Economic Development Center have done, and to everyone else making this village such a great place to live! It is the continued coordination of business, schools, and local government which will ensure the steady influx of talent that is so necessary for growth.”
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