Auxiliary equipment maker CRG Logics Inc. shut its doors in late March, about six months after the company opened a new factory building in De Pere, Wis., near Green Bay.
President Carl Gillig confirmed reports that have been circulating throughout the industry that CRG Logics is no longer in business.
Gillig said $1 million of customer orders are pending.
CRG Logics Inc. was closed by its lending institution in late March, Gillig wrote in an e-mail.
CRG Logics developed a line of auxiliary machinery for extrusion, including resin conveying systems, gravimetric and batch blenders, feeders and controllers.
Gillig and Mike Rasner founded CRG Logics in 2000 in Appleton, Wis. Four years later, the company outsourced production to a Green Bay fabricating company, Lindquist Machine Corp.
CRG brought production back in-house last year, when the company built a 21,000-square-foot headquarters and factory in De Pere. That factory opened in August, according to a source familiar with the company.
CRG employed about 40 at its peak and about 20 people when the doors closed.
Gillig is seeking new investors. When contacted by Plastics News, Gillig issued an e-mail response to questions: My primary concern is to take care of our customers, employees and vendors. That is why I continue to have conversations with numerous interested parties who could continue the product line with their sound financial backing, he wrote.
Regardless of the outcome of CRG Logics Inc., I will move forward with my ideas to improve plastics machinery and control technology and welcome partnering with financially sound innovators, he wrote.
Although a relatively small auxiliary equipment maker, CRG Logics became a big name in extrusion. According to several sources familiar with CRG, the company had some large, well-known plastics companies as customers, including Advance Polybag Inc., Alcan Packaging, Cryovac Inc., ISO Poly Films Inc. and Shaw Industries Inc.