Celebrate downtown development with this new interactive story map, charting the four decades of development that made Greenville what it is today.... Read on
In September of 2015, the Reynolds Company made its second acquisition in a year when it purchased the assets of Progressive Adhesives. The plan is to merge the business into the Greenville facility by the end of the year and to close the Memphis facility. According to Lex Reynolds, "closing the Memphis facility is not something we take lightly given the loss of jobs, however, we have so much capacity it simply makes more sense to move the operations here." Certain key individuals from Progressive will join The Reynolds team and new hires for Greenville will be coming.
"The Reynolds Company will continue to seek further acquisitions that make sense and fit the overall strategy of Reynolds to grow its business", said Mr. Reynolds. "We believe there are a number of good companies that would fit well with us and that share our same philosophy and we further believe this is a good time for owners to consider joining forces with us." "The industry is ripe for consolidation and things are not getting any easier for the smaller players and we think we have something to offer many owners who want to think about joining forces with a larger player", concluded Mr. Reynolds.
We would like to welcome everyone to our newly updated website and thank you for taking the time to browse through it. Hopefully you will find the new site informative, helpful and interesting. We realize many of you may not have the opportunity to come visit us in Greenville, so our website might be the second best thing for you as you try to understand who we are, what we offer our customers, what our strengths are, etc, etc. I hope you will take time to make comments about some of the things you might like for us to include, what you like about the new site, and yes, what you may not think is pertinent. We appreciate the feedback; good, bad or indifferent.
One of the new things we have added to our site is, the Presidents Column. In this column, which I hope to update no less than quarterly, I will give my perspective on a range of topics from what's going on with raw materials and supply, to world events, and events that could impact each of us in our daily lives. Hopefully, some of the information will be informative and relevant to you, though no doubt, some of it will include my own "take" on certain issues.
April 2006 – The Reynolds Company became a subsidiary of ITOCHU International Inc., a global trading and investment company. The North American flagship company of ITOCHU Corporation, ITOCHU international provides trading services for more than 20,000 items and manages a portfolio of around 30 subsidiaries and affiliates as well as a diversified range of investments. Headquartered in New York and operating in the US, Canada and Mexico, the company is involved in a wide variety of businesses, with particular strength in the textiles; machinery; aerospace, electronics and IT; food; forest products, chemicals and general merchandise; and energy and alternative energy sectors.
Having been a part of the ITOCHU family now for almost ten years, our association with them has been very good for all concerned, particularly our employees. ITOCHU has allowed management to do what it does best, and they have given us the wherewithal to continue down the path of growth and opportunity for all of our employees. In the words of our President, Lex Reynolds; “We have enjoyed our relationship with ITOCHU, and they have treated us all as part of their family, and the joining of these two companies was probably one of the best things we have done”.
For more information please visit Itochu’s website: http://www.itochu.com/
August 2015 – The Reynolds Company has made significant capital investments company-wide since our inception. Today we spend well over $1 million annually to insure that we have the latest improvements to all our facilities. Some of the improvements we have made recently include:
- Our third pelletizer
- Bulk rail handling for most of our major raw materials, including waxes, resins, polymers and oil
- New storage tanks to allow us to pump off full rail cars at one time
- New individual boilers for each of our lines
- New screening / filtering capabilities to insure our products are “char-free”
Over the last several years, we have witnessed spiraling costs for all major raw materials due to a number of challenges.
The Reynolds Company has recently adopted the STOP safety program established by DuPont for making safe behavior and workplace conditions part of the work culture, thereby eliminating injuries and incidents.
September 2014 – The Reynolds Company acquired Chief Adhesives based in Fort Worth, Texas. Reynolds will keep the facility in Fort Worth and will work to continue to expand the facility by adding more capacity and different technological capabilities in both hot melts and water based adhesives. Chief Adhesives fits well into Reynolds strategic plans for further growth well into the future. The Reynolds Company is continuing to seek other acquisition candidates that fit well into our model.