Contact Us
Make My Homepage

New Bedford Plant Being Sold to Chinese Company

GenBug,flickr

A Chinese manufacturing company will soon be taking ownership of a New Bedford based plant.

The Acushnet Rubber Company, operating as Precix Manufacturing, has entered into an agreement with Ohio-based ZD USA Holdings Incorporated. The Chinese company manufactures rubber sealing parts for the automotive and heavy industrial industries.

Precix CEO David Slutz tells WBSM News ZD will greatly boost Precix’s business dealings in the Asian market.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Slutz says the sale will allow Precix to continue to operate in an autonomous fashion, with ZD providing the necessary capital for Precix to expand it’s manufacturing capacity.

ZD aims to raise Precix’s fiscal earnings by $25-million over the next four years.

Complete details on the deal are not yet available, but the sale is expected to close before the end of the year.

More From WBSM

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wbsm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!