The Center for Operational Excellence at The Ohio State University Fisher College of Business is continuing to expand its membership roster with the addition of a specialty plastics maker based in the Cincinnati area.
Mason, Ohio-based Clopay Plastic Products has joined the COE, becoming the center’s 36th member. Clopay makes specialty plastic films used in everything from infant diapers and feminine hygiene products to equipment covers and product packaging.
The company recorded an operating profit of $16.6 million on $563 million in revenue in its last fiscal year, according to filings from publicly traded parent Griffon Corporation. Clopay Plastic Products employs about 1,500.
Clopay (a linguistic mash-up of “cloth” and “paper”) was formed in 1930 and gained steam during World War II, creating waterproof laminated paper and board for overseas packaging. By a decade later, the company laid the groundwork for its business today, entering the burgeoning plastics market and making the first of a string of acquisitions and international expansion moves that have carried it through its 1986 acquisition by Griffon and beyond. Clopay remains a keen innovator as well, holding dozens of U.S. and overseas patents.
Peg Pennington, executive director of COE, said the company’s continued drive to improve and innovate makes it a perfect fit for the center.
“We’re thrilled to partner with Clopay Plastic Products as they transition to pursuing global operational excellence,” Pennington said. “They’re already working to ingrain these principles in their culture, which is a huge leap in the right direction.”
Vance Greene, senior director of global quality and operational excellence for Clopay Plastic Products, is serving as the company’s representative on COE’s non-governing advisory board. Greene is a 2009 graduate of Fisher’s Master of Business Operational Excellence degree program.