Siegel-Robert heir runs for Congress
STILLWATER, MINN. - An heir of the family that controls automotive injection molder Siegel-Robert Inc. is making her first bid for Congress and is using her family wealth to help turn the race into one of the most expensive in Minnesota's history.
Democrat Janet Robert, who is challenging first-term Republican Mark Kennedy to represent the state's 6th District, has told the Federal Election Commission that she used Siegel-Robert Inc. stock as collateral for a $750,000 campaign loan.
Robert also has been criticized for relying on money from her mother, Mary Robert, to help finance the campaign. The Republican Party asked the FEC to investigate, saying the family donations violate the $2,000 limit on donations per election.
But Janet Robert maintains that because she typically receives money annually from her mother, the company's largest shareholder, it is considered a personal gift and is not covered by campaign limits, according to a report in the Minneapolis Star Tribune.
Robert, a lawyer in Stillwater, never has worked for St. Louis-based Siegel-Robert, her campaign said. She has raised more than $1.6 million so far, much of it in personal loans, and Kennedy has raised at least $1.1 million. It is one of the most expensive House races in the state's history, the paper said.
KKR stresses plan to keep MPM firms
FRIEDRICHSHAFEN, GERMANY - Kohlberg Kravis Roberts & Co. plans to hold on to Mannesmann Plastics Machinery GmbH for five to seven years, then sell it or take it public, officials said in an Oct. 16 news conference during the Fakuma 2002 show in Friedrichshafen.
KKR plans to make acquisitions in injection molding and strengthen cooperation among member companies. MPM includes six companies that make injection presses, extrusion and polyurethane machinery under the brands of Krauss-Maffei, Van Dorn Demag, Demag Ergotech, Netstal, Billion and Berstorff.
MPM noted one example of cooperation: Berstorff GmbH and Krauss-Maffei Kunststofftechnik GmbH will work together to develop a sheet extrusion system, entering a new market.
Battenfeld picks Santa to replace Lenz
WEST WARWICK, R.I. - Injection press supplier Battenfeld of America Inc. has a new president: Michael Santa, the former top U.S. sales executive for Krauss-Maffei Corp. and Sodick Plustech Co. Ltd.
Oct. 16 was Santa's first day at West Warwick-based Battenfeld. He came from Yamazen Inc. in Schaumburg, Ill., where he sold presses made by Sodick Plustech of Yokohama, Japan. Yamazen hired Santa as general manager of its new plastics division.
Before joining Yamazen in 2001, Santa was executive vice president of Krauss-Maffei in Florence, Ky., for about 10 years.
Santa replaces Thomas Lenz. Battenfeld moved Lenz in 2000 from its Brazilian operation to run Battenfeld of America.
A Battenfeld spokeswoman said Lenz has decided to leave the company. Lenz could not be reached.
Santa wants to promote the firm's long presence in the U.S. market, its technology and comprehensive product line.
Ex-Gitto worker sentenced to prison
WORCESTER, MASS. - Jeffrey A. Forgues, 39, of Westminster, Mass., was sentenced to two months in prison followed by two years of supervised release, after he pleaded guilty Oct. 10 in U.S. District Court to attempting to buy trade secrets of AlphaGary Corp., a compounder in Leominster.
Assistant U.S. Attorney Jeanne Kempthorne told the Worcester court that in the fall of 1998, Forgues was an employee at Gitto Global Corp., a Lunenburg, Mass., competitor of AlphaGary. At that time, he asked the receiving department supervisor at AlphaGary for the identity of a coded chemical used in AlphaGary's products.
Kempthorne said Forgues in January 1999 asked again for the identity of eight coded chemicals and offered to pay for the information. He never followed through with the purchase offer.
A Gitto Global official did not return telephone calls.
The case was investigated by the Federal Bureau of Investigation and prosecuted by the Justice Department as a violation of the Economic Espionage Act.