Atlantis Plastics

Infobox Company
name = Atlantis Plastics

type = OTC (Pinksheets|ATPL)
genre =
foundation = 1984 in Atlanta, Georgia
founder = Earl W Powell
location_city = Atlanta, Georgia
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key_people = Bud Philbrook (CEO)
industry = Plastics manufacturing
products =
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revenue =
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num_employees = 1,381
parent =
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Atlantis Plastics (Pinksheets|ATPL) is a American company which manufactures specialty polyethylene films and molded and extruded plastic components used in a variety of industrial and consumer applications. [cite web |url=http://www.atlantisplastics.com/ |title=Atlantis Plastics |accessdate=2008-06-25 |publisher=Atlantis Plastics, Inc. ] It had 1,381 employees as of December 31 2006.cite web |url=http://www.atlantisplastics.com/InvestorRelations/docs/Annual-Report-2006.pdf |title=Atlantis Plastics 2006 Annual Report |accessdate=2008-06-25 |publisher=Atlantis Plastics, Inc. ]

History

Atlantis was founded in 1984 as a holding company, initially with interests in the insurance and furniture industries. From 1986 to 1994 it acquired various plastics industry holdings. In 1987 it was acquired by the equity firm Trivest, which soon spun Atlantis off as a public company but retained an ownership stake. [cite journal|title=Trivest Expands Atlantis Plastics|journal=BuyOuts|date=12-18-2000|author=Green, Leslie] Atlantis is headquartered in Atlanta, Georgia and has facilities in fifteen locations within ten U.S. states (Arkansas, California, Georgia, Indiana, Kentucky, Michigan, Minnesota, Oklahoma, Tennessee, and Texas). [cite web |url=http://www.atlantisplastics.com/facilities.htm |title=Atlantis Plastics Facility Locations |accessdate=2008-06-25 |publisher=Atlantis Plastics, Inc. ] Atlantis has three business segments: Plastic Films for wrapping pallets of materials, Injection Molding for parts used in products such as appliances and recreational vehicles and Plastics Extrusion used in products such as residential siding. [cite web |url=http://www.atlantisplastics.com/aboutus.htm |title=About Atlantis Plastics |accessdate=2008-06-25 |publisher=Atlantis Plastics, Inc. ] The corporation earned $43.6 million in 2005 and $29.0 million in 2006, on sales of $424.3 and $418.7 million, respectively. The downturn was attributed to the slump in the housing sector.

In 2008, Atlantis Plastics agreed to delist from NASDAQ and move to Pink Sheets following disclosure that the company was not in compliance with the minimum bid price requirement. [cite news|url=http://www.forbes.com/markets/feeds/afx/2008/03/07/afx4745159.html|title=Atlantis Plastics to delist shares from NASDAQ|publisher=Forbes|date=2008-03-07]

hooting

On June 25 2008 at the 160-employee [cite web |url=http://www.atlantisplastics.com/InvestorRelations/docs/Press-rel-2008-06-25.pdf |title=Company News |accessdate=2008-06-30 |last=Ebbitt |first=Michelle |date=2008-06-25 |work=Atlantis Plastics press releases |publisher=Atlantis Plastics, Inc. ] injection molding manufacturing facility in Henderson, Kentucky, six workers were killed and another was injured in a workplace shooting. [cite news |first=Graham |last=Bowley |title=5 Killed in Kentucky Plant Shooting |url=http://www.nytimes.com/2008/06/25/us/26kentuckycnd.html?hp |work=nytimes.com |publisher=The New York Times Company |date=2008-06-25 |accessdate=2008-06-25 ] Among the dead was the gunman, who reportedly retrieved the gun from his car after getting into a dispute with a co-worker and being told to go home by supervisor. The gunman shot the supervisor then opened fire in a break room, and ended the shooting spree by killing himself. [cite news|url=http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20080625/NEWS01/80625001/1008|title=Sixth person confirmed dead in Henderson factory shootings|publisher=Courier-Journal|author=Lenz, Ryan|date=2008-06-25]

References

External links

* [http://www.atlantisplastics.com/index.htm Official company site]