EAST PENN MANUFACTURING COMPANY Overview
Company Headquarters: Pennsylvania, USA
Founded: 1946
Workforce: ~NA
Company Working: East Penn Manufacturing Company (East Penn) is a family-owned company that operates one of the largest single-site, lead-acid battery, and accessory manufacturing facilities, located in rural Berks County, PA. The corporation has a large distribution network in North America, as well as additional activities, facilities, and customers all around the world. East Penn operates a vast 520-acre single-site battery manufacturing complex in Berks County, Pennsylvania, featuring the most modern facilities in the industry. To meet widespread development, the company also operates a factory in Corydon, Iowa. East Penn's distribution network spans the United States and Canada, with 89 warehouse and distribution facilities. Berks County offices are just a few miles away from the company's core center in Topton, Pennsylvania. Over 750 tractors, vehicles, and trailers form a network for product distribution and battery reclamation.
Strategy
East Penn Manufacturing Company’s strategy principally focuses on investing in growth prospects with a strong focus on returns in the battery areas. The goal of the investment strategy used to manage the assets of pension plans is to achieve a reasonable rate of return while taking on a manageable amount of risk, as well as to provide enough liquidity for benefit payments and portfolio management. Assets in the company’s pension plans are diversified across asset classes, investment managers, and individual holdings as per policy. It also continues to strengthen ESG-related efforts. The strategy model that the corporation has adopted is still based on the idea that accelerating general decarbonization initiatives can coexist with the production of batteries.
