Tramec Sloan, a division of Tramec, LLC, announced the acquisition of Penz Products, Inc. on December 31, 2021, bringing together two established US manufacturers to broaden and strengthen manufacturing capabilities. Penz Products is a diverse manufacturer, located in Mishawaka, Indiana, serving a variety of markets, principally commercial vehicles. It was founded in 1956 by Wally Penzenik and led today by his two sons, Richard and David Penzenik.
“Penz Products is a perfect complement to our existing product lines, target markets, and manufacturing capabilities,” said Mark Holm, President of Tramec Sloan. “We will begin leveraging their strengths immediately to better serve our customer base in North America and beyond, and we’re very excited about the thermoforming and urethane foam applications for the commercial vehicle industry.” Read more