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Article: Small firms grade state of economy.(News)
- Article from:
- Rubber & Plastics News
- Article date:
- October 19, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mike McNulty
Rubber product manufacturers and suppliers repeatedly have proved to be resilient, demonstrating they know how to deal with adversity.
That skill has certainly proved necessary during the last two years.
The economic recession arrived, got worse and then became downright ugly. They coped, found new ways to do business, tightened their belts and developed their own survival programs.
Some, of course, closed. Others were placed on the selling block but there was little activity going on in that area, according to William R. Ridenour, president of merger and acquisition specialist Polymer Transaction Advisors Inc. of ...