Erie Plastics moves toward sale

Erie Plastics moves toward sale

There are 20 comments on the GoErie.com story from Sep 19, 2008, titled Erie Plastics moves toward sale. In it, GoErie.com reports that:

Corry-based Erie Plastics, one of Erie County's largest and best known plastics companies, reports that it's in talks to be sold.

Join the discussion below, or Read more at GoErie.com.

history buff

Erie, PA

#2 Sep 19, 2008
thanks to China and a plastics low profit margin, this type of molding will be soon gone off the American shores,
just look at Rubber Maid, was U.S. made, now China - high job loss.
CRANK

Erie, PA

#3 Sep 19, 2008
Wasn't this forecast as a possibility several months ago on one of these threads?
Former EP Member

Canton, OH

#4 Sep 19, 2008
Yes it was, problem was...most people inside the organization wouldn't accept the reality that times were changing...
WALLY CLEAVER

Akron, OH

#5 Sep 20, 2008
Here we go again......cut the wages and benefits to the bone. How nice the captains of industry are to working Americans. Their sense of community altruism is pitiful.
EPmember

Erie, PA

#6 Sep 20, 2008
The real story is a lot more complex. Erie Plastic management recognized the issue of dependency on P&G business as a serious threat in 1996 and has tracked the issue ever since. Unfortunately, the sales organization did not succeed in getting a very big foothold with other customers or markets. Four years ago, Hoop bet the farm on “Pop ‘n Shake, a silly novelty closure that he couldn’t afford to develop or produce. Bad advice from his sales manager led him to believe that this product had huge potential (many tens of millions of dollars in sales) and Hoop borrowed money to pursue the product line. This was on top of the money he had borrowed to renovate the “new” manufacturing facility. With this depth of debt, the product had to succeed. Hoop would take no advice from anyone that the plan was flawed, he missed a key opportunity to sell the product to a company that could afford to produce it and he insisted on shutting down other development efforts to pursue the “pop n shake” closure. If he had succeeded along the lines of what he was promised by his misguided sales manager, he would have become very wealthy, expanding the privately owned company well past 150 million in annual sales. When P&G pulled out, he could no longer sustain his debt. He failed and lost the company. It was a gamble that he chose. Along the way, he had eliminated a whole management structure, friends that tried to warn him, keeping only the flawed sales manager as vice president. Ironically, Ed Crawford is no friend, rumored to refer to Hoop as a “little Napoleon” he now names the company “Wellington”, if true it’s a mean and cruel irony. Hoop is rumored to personally keep the puck business and the battery box business that he spun off as a lifeboat for his family. He’ll still have a large personal income if that is true, as well as jobs for his kids. The Corry community has no life boat. It’s a very sad story.
Joe Toolmaker

Reston, VA

#7 Sep 20, 2008
I have heard Hoop speak at a couple rallies that the Maunfacturers Assoc. had. I wasn't too impressed by him.
EPguy

Waterford, PA

#8 Sep 20, 2008
Hoop always liked to take the stage to promote himself. He did a lot of good too, raising money for many noble causes. But his ego often got in the way of a good speech.
Wondering

Erie, PA

#9 Sep 20, 2008
Why does Ed Mead like Hoop so much? Ed always gives Hoop little "plugs" in his columns.
Guess Again

Bellwood, PA

#10 Sep 20, 2008
Rumor has it that Rubber Maid is tired of the "Chinese" @#$%^&*() and is in talks of bringing it back to US!!!!!!!!!!
RU Unquestionably SURE

Bellwood, PA

#11 Sep 20, 2008
Is there anybody out there that is unquestionably sure about the whole truth of Erie Plastics, and you really think that pop-n-shake is a silly novelty product?? Boy are you going to be in for a rude of wakening!
Pop n Shake

Lorain, OH

#12 Sep 21, 2008
Hey, don't knock me until you try me!
cindy

AOL

#13 Sep 21, 2008
Is it in the best interest of the union workers i doubt it.
Go figure

United States

#14 Sep 21, 2008
On the surface the sale of a troubled business sounds good and makes for good headlines, the problem is after the consession by the employees and the pending sale completed how many employes will still have a job and where will those jobs be located.

A question that always puzzles me in cases like this is that if the business closes completely the local government looses a lot of tax dollars. When the employes are asked to make concessions to complete the pending sale why isn't local government willing to make similar concessions, why is it the hourly employee is being asked to make all the concession!!!
Former EP worker

United States

#15 Sep 21, 2008
Being let go with absolutely no severance pay is a hard thing to swallow. Ron Walters walked out the door just before Hoop made his announcement. Gives you a real good feeling, then he was back as a "consultant" yeah some consultant. Hoops ego is beyond understanding for most. He would only listen to a few people, wanted everyone to think of him as thid great person. After all the OLDER workers with the experiene were let go he had the gaul to make a comment stating that Corry should build a new hospital, this is after they shut down the birthing portion. Probably even wanted the hospital named after him. The man should just leave Corry and maybe we can all forget him after a while. I can undeerstand completely why he is considered a little napoleon. The sad thing is that he is the one responsible for this debacle and the ruination and destruction of many peoples of hope of retiring from a placr they put everything into for most of their working lives. What goes around comes around and maybe someday he will get what he deserves.
EPmember

Erie, PA

#16 Sep 22, 2008
How is it that Marne(Mrs Hoop) Roche is selling property that was part of the Erie Plastics Property for $350,000? This is a current listing.
Pretty nervy if you ask me.
pointless

Erie, PA

#17 Sep 22, 2008
the bad thing is, all the folks who will loose good paying jobs,but I heard the new owner made at least some kind of offer, maybe not what unemployment / welfare will pay.
CRANK

Erie, PA

#18 Sep 23, 2008
Whatever the offer was, it was accepted.
EPmember

Erie, PA

#19 Sep 23, 2008
A very sad day, no matter what your spin. I wish the very best for the former "members" of EP.
CRANK

Erie, PA

#20 Sep 23, 2008
EPmember wrote:
A very sad day, no matter what your spin. I wish the very best for the former "members" of EP.
Agreed.
Video Archaeologist

Teaneck, NJ

#22 Oct 25, 2009
Trying to locate a copy of the PoP 'n Shake video that EP once posted on there web site. Please advise.

Thanks.

VA

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