Business Services Industry
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.
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