S&E Specialty Polymers hits comeback trail


Specialty Polymers of Lunenburg, MA, is rebounding from a near fatal crisis through application of a technical focus and investments in more efficient processing equipment.

At the end of 2004, S&E Acquisition bought the assets of compounder Gitto Global Corp. in U.S. Bankruptcy Court after officers of Gitto allegedly participated in financial fraud. "We lost $6 million in the first six months because people had such a sour taste for the previous administration," says Duane Shooltz, who became chief operating officer of S&E Specialty Polymers in 2008 after serving as a divisional president for Smith PLC, a large multinational company.

Sales have been rising 25% annually since 2009, but two-thirds of the plant's capacity of 65 million pounds annually remains unused....
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