One of Radford’s longest running local manufacturers acquired for $17.5 million
RADFORD — One of the city’s longest-running manufacturers was acquired this month in a deal valued at $17.5 million, or 1.75 billion pennies — to put it in terms in which RADVA Corp. more often deals.
The business specializes in the expandable plastics used in packaging and associated with the Styrofoam trade name. It works with brands like Canon and Hewlett-Packard, selling many products for less than 10 cents each.
He is leaving the family business after the sale to South Carolina-based Huntington Solutions, a larger competitor with six production facilities across the U.S.
Dickens will consult for the company through the end of the year, but he says his employees will keep their jobs. Huntington has expressed interest in maintaining RADVA’s headcount and geographic footprint.
To learn more about this acquisition, check out the whole article below.