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Hyde Park Capital Advisors, LLC announced the sale of Paradise, Inc.'s plastics division, a manufacturer of plastic products, to Portage Plastics Corporation on June 15. Hyde Park Capital served as the exclusive investment banker to Paradise for this transaction. "Portage Plastics has a long history of providing quality products to their customers. We are very excited and pleased Portage has acquired our plastics division and look forward to adding our products and services to theirs as the joining of forces will improve the business growth resulting in a stronger presence in the marketplace," said Randy Gordon, Paradise, Inc. president and CEO. "In August 2019, we advised the Paradise management team on the sale of their candied fruit business to Seneca Foods Corporation. It is great to see another division of their business go to a worthy owner, Portage Plastics. It has been great to work alongside Randy Gordon and Paradise's legal, accounting, and management t

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Two women in Louisiana face felony charges after leaving a box full of plastic pellets that they claimed were "dumped" into local waterways by Formosa Plastics on the doorsteps of company officials' houses. Nola.com reported that Anne Rolfes and Kate McIntosh face charges of terrorizing and principal to terrorizing, respectively, and could face more than a decade in prison if convicted. The two are accused of leaving a box of plastic pellets on the front porches or doorsteps of several officials at Formosa Plastics, along with notes clearly labeling the boxes' contents. "These are just some of the billions of nurdles that Formosa Plastics dumped into the coastal waters of the state of Texas," the note said, according to Nola.com. "These were used as evidence in a landmark lawsuit filed against Formosa under the Clean Water Act." The two women are members of the Louisiana Bucket Brigade, a local environmentalist group. An attorney for the Center for

DUBLIN, June 24, 2020 /PRNewswire/ -- The "Foam Plastics Market by Type (PU, PS, PO, Phenolic), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The foam plastics market is projected to grow from USD 51.3 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8% between 2020 and 2025. Growth of major end-use industries of foam plastics, high demand for foam plastics in APAC, and energy sustainability and energy conservation properties of foam plastics are the major factors driving the growth of the market. Building & construction segment is projected to be the largest end use market of foam plastics. The building & construction industry is expected to lead the overall foam plastics end use market, in terms of value, between 2020 and 2025. Building & construction applica

City Council unanimously approved a $100,000 grant for a West Virginia-based plastic and piping manufacturer to subsidize building improvements for a new plant in Northwest Jacksonville. Flying W Plastics Inc. agreed to create 28 jobs and invest an estimated $8 million to renovate an existing industrial facility at 109 Stevens St., north of Interstate 10, according to documents from the city Office of Economic Development. Resolution 2020-132 includes a development agreement detailing the job creation and capital investment conditions. The money would come from interest income in the Northwest Jacksonville Economic Development Fund. Council approved the resolution during its June 23 meeting. A project summary dated May 18 attached to the bill says it would be the second Flying W Plastics plant in the U.S. and serve the company's Florida and Southeast market customers. Flying W Plastics was established in 1984 and serves

(Bloomberg) -- By the time the ribbon is cut in 2029 on the Sunshine Project, a $9.4 billion petrochemical plant under construction in rural Louisiana, single-use plastic bags will likely be restricted for most shoppers in the U.S. Right now there are bans, fees, and other rules on plastic for more than 1 in 5 Americans. Push that trend into the next decade, and you can imagine metal straws becoming commonplace, chicken breasts purchased without the tug of shrink wrap, and a generation unfamiliar with the touch of a Styrofoam cup. Yet right there on the same timeline sits Sunshine. When ready to run, the2,400-acre complex owned by the Taiwanese conglomerate Formosa Plastics Group will be dedicated to production of polyethylene, polypropylene, and ethylene glycol. These virgin resins are used to make plastic products. Manufacturing will spread across 14 plants, all built to last. The people pushing single-use bans want to eliminate what this giant factory and hundreds of others like it