Plastics News has named ARM member Trilogy Plastics a finalist for their Processor of the Year Award. Candidates are evaluated on seven criteria: financial performance, quality, customer relations, employee relations, environmental performance, industry/public service and technological innovation. A team of judges — members of Plastics News’ editorial staff — evaluated all submissions and chose the 2016 finalists. The winner will be announced in March.
Plastics News writes about the history of the company:
Trilogy Plastics began more than 100 years ago. The original company, called Old King Cole Inc., turned out some iconic advertising figures like Mr. Peanut and the dog famous for hearing “his master’s voice” on a record.
The company began rotomolding in the late 1950s, the early days of the industry. But beginning in 1970s, hard times hit, and the company went through a series of ownership changes. A creditor took over, changed the company name and was an absentee owner. The business dwindled down at its aging plant in Louisville, Ohio.
Steve Osborn and his partner, Bruce Frank, bought the business in 1987. Osborn was a turnaround consultant in Cleveland with the Ernst & Ernst accounting firm (now Ernst & Young). He was looking for a manufacturing business to buy, and the old rotomolding company was in bad shape — and inexpensive. The company had just 13 employees.