Plastics News is starting the year off with a splash in this edition by naming our coveted Processor of the Year 2022 finalists; so head on over to the full story. Congratulations to our four finalists! We also named our 2022 Sustained Excellence Award Winner.
All five companies will be recognized at the 2023 Plastics News Executive Forum, from Feb. 27-March 1.
Elsewhere in the issue, thermoformer Lacerta Group LLC bought the assets of Portage Plastics in Wisconsin to save the facility and save most of the jobs.
Plastic housewares manufacturer Arrow Home Products is moving from Illinois to Mississippi. A third generation is joining injection molder Bridgville. Investment firm Arcane Capital Partners has acquired injection molder and extruder Poly-Tech Plastic Molding Inc. Find more of our latest mergers and acquisitions news here.
The latest public policy news had the Plastics Industry Association expressing openness on topics like bottle bills and extended producer responsibility legislation. Last month, Senate Democrats made another push to bring action on microplastics. Michigan also adopted a chemical recycling legislation that got a thumbs up from the American Chemistry Council.
Resin prices closed out 2022 with a drop for several engineering and commodity resins in North America.