In the last days of December 1969, the Keiswetter family took a gamble and incorporated a new business in their hometown of Petoskey, Mich.
Production of polyethylene film would begin in 1970, but the official launch date of Petoskey Plastics Inc. was this week, 50 years ago.
The company has gone on to become a key recycler of PE film and a global leader with more than 4,000 customers worldwide (as well as winning PN's Processor of the Year award in 2018).
But first it had to survive some very lean moments. A few years after it launched, the company was upside down and bankrupt, but pledged to keep producing as long as it could while founder Paul Keiswetter convinced suppliers to support it. "The show would be over when the sheriff locked the door," Keiswetter said in a video on the company's anniversary. "I just said, when he does, it's over. If he doesn't show up? We just needed time."