Plastics CEO takes to two wheels to support cancer research

By Frank Esposito
Senior Staff Reporter

Published: July 16, 2014 1:41 pm ET
Updated: July 16, 2014 1:52 pm ET

Image By: Riverside Co. Stewart Kohl, co-CEO of Riverside Co.

Related to this story

Topics Public Policy

The co-CEO of a private equity firm with a pair of plastics holdings has organized a cycling event to benefit cancer research at the Cleveland Clinic.

The first VeloSano event will be held July 19-20. The event will begin in downtown Cleveland and will allow riders to choose routes ranging from 25 miles to 230 miles in length.

The founding partners of the event are Stewart and Donna Kohl and the Cleveland Indians pro baseball team. Stewart Kohl is co-CEO of Riverside Co., a $3 billion Cleveland-based private equity firm whose holdings include plastisol compound maker Rutland Plastics Inc. of Pineville, N.C., and PVC window extruder Sunrise Windows Ltd. of Temperance, Mich.

In February, Riverside also acquired BeGreen Packaging LLC, a Santa Barbara, Calif.-based maker of bio-based molded fiber products that are compostable and recyclable.

As of July 16, VeloSano had raised more than $1.1 million in pledges committed to riders. Kohl had raised more than $82,000 in pledges, while Indians CEO Paul Dolan had raised more than $17,000.

The Kohls have donated $1 million to start the VeloSano event, which takes its name from the Latin words for “swift” and “cure.” Stewart Kohl had participated in a similar charity cycling event in the Boston area for several years and wanted to bring that type of event to Cleveland.

The Cleveland Clinic was founded in 1921 and now ranks as one of America’s leading medical centers. The organization employs 3,000 full-time physicians and researchers and 11,000 nurses.


Comments

Plastics CEO takes to two wheels to support cancer research

By Frank Esposito
Senior Staff Reporter

Published: July 16, 2014 1:41 pm ET
Updated: July 16, 2014 1:52 pm ET

Post Your Comments


Back to story


More stories

Image

Study: 75 percent of Australia's ocean debris is plastic

September 18, 2014 7:48 pm ET

About 75 percent of the trash found in the waters off Australia's beaches is plastic, with most of that coming from local sources rather than sea-...    More

Image

P&G removing PE microbeads from its Crest brand toothpaste

September 18, 2014 1:57 pm ET

After months of prodding, Procter & Gamble Co., the makers of Crest brand toothpastes, say polyethlene microbeads will be completely removed from its ...    More

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Image

Tiny plastics swim in Australian waters

September 17, 2014 11:16 am ET

A University of Western Australia marine scientist has found the sea's surface in Australian waters is contaminated by more than 4,000 pieces of tiny ...    More

Image

Rise of PP recycling leads to first bale specifications

September 17, 2014 10:22 am ET

PET has its bale specifications for recycling. And so does high density polyethylene. But now comes polypropylene's time.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events