Gossen Corp. Bought By Inteplast

December 15th, 2016 by Trey Barrineau

Inteplast Group Corp. has purchased moulding and millwork maker Gossen Corp. of Milwaukee, which went out of business in early November. That means 143 workers in Wisconsin and Georgia could be getting their jobs back before the end of the year.

“Gossen was well known to us by name and quality,” Inteplast president John Young said in a statement. “Our hearts were drawn to this acquisition mainly because of the massive layoff affecting the livelihoods of 143 people and their families. It was imperative for us to get the bid done and quickly resume operations.”

Gossen’s bankruptcy last month threw 94 employees in Glendale, Wis., and 49 in Cartersville, Ga., out of work.

According to a report from Plastics News, Gossen was courted by 27 potential bidders but only Inteplast registered for the auction. The company paid $5.5 million in the court-supervised proceeding.

Established in 1991, Inteplast Group says it’s the largest manufacturer of integrated plastics in North America.

Gossen was founded by Mike Gossen in 1928 on the current site in Milwaukee after he invented the first spring-loaded window sash balance, which eliminated a counter-balancing weight for opening and closing a window.

In the 1960s, the founder’s son, John, transformed the company into a manufacturer. With the sash business gone, he purchased an extruder and started making weatherstrip.
In the mid-1960s, after hearing about cellular polyvinyl chloride (PVC), which was being produced in Europe, he brought a chemist to the country to help start an operation. He developed a process for extrusion through the “free expansion” of PVC, in which the raw material expands when exposed to air.

In 1973, the company was sold to U.S. Gypsum, one of the largest distributors of building materials in the country. In 1985, the Butterfield family purchased Gossen.

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