ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, September 7, 1996 TAG: 9609090024
SECTION: BUSINESS PAGE: A-4 EDITION: METRO
SOURCE: GREG EDWARDS STAFF WRITER
Prosperity has led Acadia Polymers to move into new offices at the Valleypointe business park in Roanoke County.
Acadia's headquarters, formerly on Coulter Drive near Roanoke Regional Airport, secured a contract with Chrysler Corp. earlier this year to supply all the rubber parts for a new transmission to be introduced in 1999 models. The contract eventually will mean $15 million in new sales annually for Acadia, the company said.
The contract prompted the change in offices, but Acadia also has other projects in the works that will contribute to its continued growth, according to Ed Feaster, chief financial officer. He said he couldn't talk about those projects at this time.
Acadia's quality management, design technology and accounting departments and most executive management are in the new headquarters. The sales and marketing department moved to the Detroit area in June to be closer to the company's automotive customers.
The company employs about 35 people in its Roanoke offices. It operates seven plants nationwide with 900 employees, including a plant at Iron Gate in Botetourt County that employs about 190.
Acadia, owned by the Jordan Co., a private investment company based in New York, designs and makes precision molded and machined polymer products for automotive, business machine and industrial markets. The company also supplies Ford, General Motors and other automakers.
LENGTH: Short : 35 linesby CNB