Hanaper acquires 'A' voting shares

Rubber & Plastics News II, June, 1997

CANTON, Mass. - Hanaper Partners has acquired 7.8 percent of Canton-based Plymouth Rubber Co.'s Class A voting shares.

'We've been following the company for a long time and like the way it has performed,' said Rodney Propp, co-chief investment officer for Hanaper Partners. 'It was on its knees a few years ago but has really come back.'

'We are long-term investors and look at small, well-run companies,' Propp said. 'We have great confidence in Maurice Hamilburg, Plymouth's CEO, and believe his strategy is a sound one.

'Plymouth has a healthy cash flow, is turning around its operations and has a very cautious expansion strategy,' he said.

Hanaper Partners invests primarily in real estate, with several ventures into small manufacturing companies.