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Jarden Corp. Message Board

  • ivanzterrible ivanzterrible Sep 7, 2000 2:12 PM Flag

    Alltrista is poisoning Triangle

    From what I can tell, since the aquisition of
    Triangle Plastics by Alltrista, Triangle has been run into
    the ground. Now I hear they are going to shut down
    Triangle's Oelwein, IA plant. Its a shame to see Alltrista
    ruin such a good company in such a short period of
    time.

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    • THank you for your help. Please email to me
      as much as you can. My email is
      mysterygeisha@yahoo.com
      Thanks.

    • It's not so simple.
      Alltrista is not "running"
      Triangle into the ground. At the time of the acquisition,
      Triangle was at an all-time sales revenue high as its two
      primary markets peaked coincidentally. The fundamental
      problem seen today has its roots in risky strategy prior
      to its sale to Alltrista - mainly that they had
      entirely too much business relying on a very small base of
      customers. Over the past 10 months, both principal markets
      have declined significantly and raw materials costs
      have increased - hence a real squeeze on revenue and
      profitability. Without Alltrista's ongoing financial and
      management support, Triangle would be in a lot worse shape.

 
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