Plastics Manufacturers – New Jersey

Like many industries over the past few years, plastics companies in New Jersey have faced several challenges while taking advantage of multiple opportunities.

For many plastic molding manufacturers, time is spent on minimizing unplanned downtime, managing material costs, addressing the skilled worker shortage and controlling process variations. One of the most significant issues facing the plastics industry is inflation. Not only is inflation driving up the cost of supplies, including resin, but it has sharply increased the cost of capital and reduced borrowing options.

Throw in external factors such as the pressure to re-shore, which requires additional investments in labor, equipment, and processes, and it’s clear your growth trajectory may look different this year.

When facing times of uncertainty, plastics manufacturers in New Jersey must manage the variables they can control. Your relationship with your accounting firm is one of those factors.  Working with a certified public accounting (CPA) firm with the relevant technical expertise and experience in your industry will allow you to navigate tax liabilities, right-size your finance department’s structure with outsourcing and automation and present a solid financial picture for audit requirements and overall management decisions.

Plastics Manufacturing Experience – New Jersey (NJ)

Adams Brown, Strategic Allies, and CPAs is a certified public accounting firm serving the accounting, payroll, tax, audit, technology, managed IT, cybersecurity, business valuation, succession planning, estate planning, and wealth management needs of plastics industry companies.

To provide plastics accounting services to reduce your compliance burdens and achieve financial goals, our team works with plastics processors of all sizes throughout the country. This includes serving top companies in several sectors:

  • plastic molding manufacturing,
  • plastic tube manufacturering,
  • plastic bag  manufacturering,
  • clear plastic manufacturering,
  • general plastics manufacturing,
  • custom plastic manufacturing.

Map of New Jersey

Plastics Manufacturing Services – New Jersey

  • Controller & CFO Services
  • Payroll
  • Tax Planning & Compliance
  • Audit & Assurance Services
  • Managed IT Services
  • Cybersecurity Consulting
  • Merger & Acquisition Consulting
  • Technology and vCIO Consulting
  • Business Valuation
  • Succession & Estate Planning
  • Wealth Management
  • Retirement Planning
  • Technology and vCIO Consulting

CENTRAL STATES MARKETING & MANUFACTURING

This case study explores the valuation and succession planning process for Central States Marketing and Manufacturing, a family-owned business in the custom plastic extrusion industry in McPherson, KS. As the founder, Chuck Singleton, approaches retirement, the need to transition the business to his sons, Zack and Tyler, becomes imminent. Facing the challenge of lacking a formal business valuation to guide the transition, the company engaged Adams Brown to perform an analysis.

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Plastic Manufacturers in New Jersey

The plastics manufacturing industry in New Jersey is a vital component of the state’s economy, marked by its innovation, diverse product offerings, and significant contribution to employment. New Jersey’s strategic location, with proximity to major markets and ports, provides manufacturers a logistical advantage, facilitating domestic and international trade. The industry produces various products, including packaging materials, automotive parts, medical devices, and construction components.

Key players in the industry range from large multinational corporations to small and medium-sized enterprises, all benefiting from the state’s robust infrastructure and skilled workforce. The sector is also supported by New Jersey’s strong research and development capabilities, with numerous academic institutions and research centers collaborating on advancements in materials science and manufacturing technologies.