Colorado composites maker Fiberforge shuts down

By Rhoda Miel
News Editor

Published: June 19, 2013 1:57 pm ET
Updated: June 19, 2013 3:04 pm ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Aerospace, Composites

New technology composites maker Fiberforge Corp. grew out of a Colorado think tank’s proposals for an ultra-light efficient vehicle, but now has been forced to shut down and is seeking buyers for its intellectual property and equipment.

“We hope to find a bidder that will want to purchase the entire package of physical and IP assets,” the Glenwood Springs, Colo.-based company said in a June 11 news release. “If not, we will attempt to liquidate each separately.

“If buyers for these lots cannot be located, we will explore a more typical wind down auction process.”

Development Specialties Inc. of Chicago has been appointed the assignee for the benefit of creditors by the Delaware Chancery Court. Fiberforge legally formed in Delaware and the Chancery Court must approve the sale process.

Fiberforge was created by engineers who had worked on Boulder, Colo.-based Rocky Mountain Institute’s HyperCar project in the late 1990s. It went on to create a commercial process for thermoplastic composites used in everything from lightweight backpack frames, helicopter load floors, skateboards, auto body parts and jet engine components.

“Although Fiberforge had a multitude of successful products and growing interest in both the automotive and aerospace industries, the company itself struggled to reach sustained profitability,” said Steve Victor of DSI in a news release.

DSI believes the company’s range of technology will lead to a “vigorous and competitive sale process,” he said.


Comments

Colorado composites maker Fiberforge shuts down

By Rhoda Miel
News Editor

Published: June 19, 2013 1:57 pm ET
Updated: June 19, 2013 3:04 pm ET

Post Your Comments


Back to story


More stories

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank...    More

Image

Canada's Papp Plastics is eyeing big opportunities with JV in Mexico

November 24, 2014 4:11 pm ET

Canadian injection molder and turnkey solution provider Papp Plastics & Distributing Ltd. will open an $11 million to $12 million joint venture...    More

Image

Indiana injection molder PRD expands

November 24, 2014 1:56 pm ET

Automotive supplier PRD Inc. is expanding its manufacturing facility in Springville, Ind.    More

Image

3D Systems buying Cimatron

November 24, 2014 1:46 pm ET

3D Systems Corp. is buying Cimatron Ltd., an Israel-based company that makes integrated computer-assisted design and manufacturing software, for $97 m...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events