Atlantis Plastics, Inc. is an American company which manufactures specialty

polyethylene Polyethylene or polythene (abbreviated PE; IUPAC name polyethene or poly(methylene)) is the most commonly produced plastic. It is a polymer, primarily used for packaging ( plastic bags, plastic films, geomembranes and containers including b ...

films and molded and extruded plastic components used in a variety of industrial and consumer applications. It had 1,381 employees as of December 31, 2006.

History

Atlantis was founded in 1984 as a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

, initially with interests in the

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

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. Atlantis is headquartered in

Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,7 ...

and has facilities in fifteen locations within ten

U.S. The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

states (

Arkansas Arkansas ( ) is a landlocked state in the South Central United States. It is bordered by Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, and Texas and Oklahoma to the west. Its name is from the O ...

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

Indiana Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th s ...

Kentucky Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia ...

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Minnesota Minnesota () is a state in the upper midwestern region of the United States. It is the 12th largest U.S. state in area and the 22nd most populous, with over 5.75 million residents. Minnesota is home to western prairies, now given over to ...

, Oklahoma,

Tennessee Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to th ...

, and

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

). 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 Plastics extrusion is a high-volume manufacturing process in which raw plastic is melted and formed into a continuous profile. Extrusion produces items such as pipe/tubing, weatherstripping, fencing, deck railings, window frames, plastic fi ...

used in products such as residential siding. 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.

Shooting

On June 25, 2008 at the 160-employee injection molding manufacturing facility in

Henderson, Kentucky Henderson is a home rule-class city along the Ohio River and is the county seat of Henderson County, Kentucky, United States. The population was 28,757 at the 2010 U.S. census. It is part of the Evansville Metropolitan Area, locally known as t ...

, six workers were killed and another was injured in a workplace shooting. 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.

References

{{authority control Manufacturing companies based in Atlanta Companies traded over-the-counter in the United States Plastics companies of the United States Corporate spin-offs