Atlantis Plastics Inc. (ATPL)

Overview

Atlantis Plastics, Inc., founded in 1984 and based in Atlanta, Georgia with an additional location in Miami, Florida, operated as a manufacturer specializing in specialty plastic films, and custom molded and extruded plastic products across the United States. The company's operations were segmented into three primary areas: Plastic Films, Injection Molding, and Profile Extrusion. These segments catered to a variety of sectors, including storage and transportation, food service, appliance, automotive, and commercial and consumer products. Atlantis Plastics, Inc., originally named Atlantis Group, Inc., underwent a name change in March 1992. The company's trajectory took a critical turn when it filed for Chapter 11 bankruptcy on August 10, 2008, which was later converted to Chapter 7 on December 18, 2008, marking the cessation of its operations.

Products and Services

Plastic Films: This segment of Atlantis Plastics, Inc. was divided into three divisions, catering to distinct market needs:

• Stretch Films: Specialized in the production of multilayer plastic films used for covering, packaging, and protecting products during storage and transportation applications.
• Custom Films: Focused on the creation of customized monolayer and multilayer specialty plastic films. These films served as substrates in multilayer laminates used across various applications including foam padding for carpets, automotive, and medical applications, as well as industrial and protective packaging.
• Institutional Products: Utilized custom films to manufacture disposable products such as table covers, gloves, and aprons, which catered to different institutional needs.

Injection Molding: This segment produced custom thermoplastic components for small and large appliances. The range of appliances included refrigerators, air conditioners, dehumidifiers, and dishwashers, meeting the specific component needs of each appliance category.

Profile Extrusion: Atlantis Plastics, Inc. offered manufacturing services for custom extruded plastic products aimed at consumer and commercial markets. The products found applications in various areas such as recreational vehicles, mobile homes, residential doors and windows, office furniture, and appliances, emphasizing the versatility and wide-ranging utility of the company’s extrusion capabilities.