The Family Business Experience
When Tom Tredway moved back to Erie to join his family’s plastics company, he walked straight into a crisis: the bank dropped them, 60% of their business had disappeared offshore, and his dad was asking if it was time to shut the doors. Instead of liquidating, they doubled down on a new niche, stock threaded caps for the packaging industry and spent the next decade grinding through a complete rebuild of Erie Molded Packaging. In this episode, Tom shares: * How his dad went from Montreal banking to San Diego sandwich shops to buying distressed plastics equipment in Erie. * The brutal five‑year stretch where globalization wiped out most of their contract manufacturing work. * The “Night Flights” beer conversation where father and son chose to risk retirement savings to pursue a new vision. * How landing Utz Quality Foods became the launchpad for a focused packaging strategy. * Why simplifying products, joining peer groups, and open‑book management became their levers for survival and growth. If you’re in a family business facing headwinds, Tom’s story is a masterclass in pivoting, communicating with your team, and rebuilding trust, from the shop floor to the bank.
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