I think Carl A. Allen may have figured out retirement. Since selling Heritage Bag Co. to Novolex for a reported $300 million in 2017, Allen’s been spending time fishing, restoring an island getaway and hunting for lost treasure.
Beats pickleball and golf, right?
I’ve been intrigued with Allen’s story for the past year and for kind of an obscure reason. In the web traffic reports I get for PlasticsNews.com, his father’s 2023 obituary has been a popular story nearly every week.
I did some sleuthing and realized that readers aren’t searching for information on Carleton Frederick Allen, the guy who founded Heritage Bag in Dallas in 1973. (And it’s not that he doesn’t deserve the attention. Carl F. Allen was a noted philanthropist, outdoorsman and athlete in his own right.)
No, readers are searching for information about Carleton Albert Allen, one of Carl F.’s children. And I’m sure that quite a few have been a little shocked when one of the top stories on Google led them to a Plastics News obituary. Well, we can clear this up now: Carl A. Allen is alive and well, leading a charmed post-plastics retirement.
Allen was the subject of an excellent CBS Sunday Morning interview a year ago, where he talked about how he ended up spending his retirement in the northern Bahamas hunting for gold, silver and gems from the wreck of the Spanish galleon Nuestra Señora de las Maravillas, which sank in a maritime accident in 1656.
He owns a fleet of research vessels — including a submarine — called Allen Exploration (AllenX for short). In his latest newsletter, Allen says he’s been busy going to universities, conferences and organizations to talk to people about the project. This spring he was recognized by Prince Albert II of Monaco with the Explorer Award in Adventure and Environmental Ethics.
Allen frequently mentions his plastics industry background in interviews, and Heritage Bag was a pretty interesting company. But I have a feeling he’s having more fun finding pieces of eight than he did extruding trash bags.