Stopol Thermoforming Divisions to Operate as Thermoforming Machinery & Equipment Inc.

As soon as the employee acquisition deal closes, the thermoforming and extrusion business divisions of plastics equipment dealer Stopol Inc. (Solon, OH) will operate under the name Themoforming Machinery & Equipment Inc. (TM&E; Solon, OH). The thermoforming and extrusion business divisions are being purchased by Don Kruschke, Stopol executive vice president. Scheduled to close in July, the deal is part of a restructuring of the company that is not expected to interrupt business operations.The restructuring will enable Stopol's business units—thermoforming, extrusion, injection molding, and auctions—to operate independently. Under the proposed plan, the auction business is expected to work with and support the new thermoforming and extrusion unit as well as the injection molding division. The decentralized structure will allow the units to improve their responsiveness to customer requests and reduce operating expenses, according to the company.TM&E's Web site is already live. In addition to information about the company's thermoforming equipment, appraisal, and acquisition consulting services, the site offers thermoforming marketplace news and job listings. It also features a section for the company's Society of Plastics Engineers (SPE; Brookfield, CT) thermoforming division that provides SPE news and serves as an online forum for discussing thermoforming technologies and issues.