MELVILLE and
NEWBURGH, NY – Park Electrochemical Corp. announced that its electronics materials business unit,
New England Laminates Co., Inc. will close in January. The company says the closure is a result of the poor electronic materials market in North America.
Existing customers of New England Laminates will be supplied and supported from Park’s facilities in Fullerton, CA and Tempe, AZ. A one-time, pre-tax charge of nearly $1.3 million in the fourth quarter is predicted.