Maguire Acquires Interest in O.A Newton
Based in Bridgeville, Delaware, O.A. Newton engineers, fabricates, and installs complete systems for the unloading, storage, conveying, and blending of process ingredients, including controls and ancillary equipment. The company will continue to operate separately from Maguire Products, but the investment has the potential to expand the capabilities of Maguire in the material handling phase of the process industries. Maguire supplies handling systems directly connected to the plastics molding and extrusion processes, such as dryers, loaders, blenders, and feeders.
Steve Maguire, Owner and President of Maguire Products, said: “This investment broadens our offering to the plastics industry and allows us to serve markets that we would otherwise never reach with our current product line. We can now refer inquiries for bulk material handling directly to O.A. Newton and can work together with them as projects require.” Rob Rider, Jr., President and CEO of O.A. Newton, added: “Our affiliation with the Maguire family of companies provides us with access to a sales organization that has a global reach. It will greatly improve our ability to grow our customer base. The synergies between all the companies will have a compounding effect on all of us.”
Newton serves the plastics, tire, and other industries, including those processing dry bulk solids and hard-to-handle materials. In plastics it has extensive experience in providing systems for processors of rigid and flexible PVC and wood-plastic composites.