Rubber News

1 week ago | rubbernews.com | Frank Esposito

Materials firm Teknor Apex Co. has acquired the assets of bioplastics maker Danimer Scientific for $19 million out of Chapter 11 restructuring. Teknor had filed a "stalking horse" bid for Danimer on April 30 at the U.S. Bankruptcy Court in Wilmington, Del. The court approved the bid on May 20. Under terms of the deal, Teknor of Pawtucket, R.I., also will take on "certain liabilities" from Danimer.

1 week ago | rubbernews.com | Bruce Davis

"The trouble with retirement is that you never get a day off." — Abe Lemons, college basketball player and coach. "Age is an issue of mind over matter. If you don't mind, it doesn't matter." — Mark TwainBy the time most of you read this, I'll be well on my way to packing away the final few mementos of a 44-year, 46-week journalism career, all with Crain Communications Inc. Most people I know — especially those in this industry—struggle with the decision to retire.

1 week ago | rubbernews.com | Kurt Nagl

Bloomfield Hills, Mich.-based injection molder TriMas Corp. has selected a longtime executive in the packaging industry as its new leader. Thomas Snyder will become president and CEO of the company June 23, the company announced June 9. He will succeed Thomas Amato, who is stepping down after nine years. Snyder comes from Stamford, Conn.-based Silgan Holdings Inc., a TriMas competitor, where he worked for more than 23 years.

1 week ago | rubbernews.com | Catherine Kavanaugh

The U.S. Department of Justice (DOJ) says tariffs are vital for national security and economic stability and should be kept in place while a lawsuit filed by small business owners is appealed. The lawsuit filed by Salt Lake City-based Genova Pipe and four other businesses alleges that Liberation Day tariffs put in place by President Donald Trump have cost them critical suppliers and customers.

1 week ago | rubbernews.com | Frank Esposito

Finding the right fit is often the first step to a successful business. That's the situation that Luke Rodgers and Thomas Fry found themselves in when they decided to buy material technology from injection molding leader Jabil Inc., where both had been employed for several years. They've now used that technology to launch their own firm, Lumas AM Polymers L.L.C. of River Falls, Wis. Lumas Polymers—a combination of the first names of its two founders—officially opened for business in April.