rotational molding, rotomolding, Rotonics history, plastic products, pipe floats, buoys, tanks, refuse carts, containers, plastic containers, plastic furniture, hand chair, glove chair, boat seats, marine, oem, plastic planters, fountains, party décor, wedding products, lamp posts, mailboxes, laundry carts, carousel horses, pet products, zoo animal toys,  bins
rotational molding and custom manufacturing

 

THE RMI TIME LINE - Taken from 1997 Annual Report

Approximate Sales

Year

Key Events

$.4 Mil 1973: 

Sherman McKinniss and a partner leased a building, purchased a rotomolding machine, and started this rotational molding business in Gardena, California. There were many obstacles at this time period to establishing a new business. There was a recession and no financing from banks was available for plastics businesses. Resin shortages existed and resin prices were frozen at high levels. However, hard work and determination prevailed.

$1.2 Mil 1975: 

Sherman McKinniss bought out his partner and began to move the business forward as a sole proprietor.

$2 Mil 1976: 

RMI, working with 16 other rotomolders, through dedication to the rotomolding industry, successfully established the Association of Rotomolders (ARM). Mr. McKinniss served multiple years as a director and was president of ARM from 1978-1979. He was also one of the first six people inducted into The Association of Rotational Molders Hall of Fame. ARM is now a worldwide association with over 320 rotational molding members.

$3 Mil 1978: 

In order to corner a large part of the northwestern market, RMI-Idaho was purchased.

$0  1983: 

RMI-Florida was established by Mr. McKinniss and a group of investors as a separate corporation.

$6.8 Mil 1986: 

Sherman McKinniss sold the California and Idaho operations to Pentron Industries, a public corporation. This entity later became Koala Technologies Corporation and today is known as Rotonics Manufacturing, Inc.

$2 Mil 1987:

Ice Creations, later known as RMI-Denver, was acquired by Pentron. During this time period, Mr. McKinniss headed a group of investors and acquired RMI-Chicago.

$4.5 Mil 1988: 

RMI-Chicago expanded and purchased RMI-Wisconsin and then later in the year acquired RMI-Florida.

$8 Mil 1989: 

The RMI-C group, comprised of Chicago, Wisconsin, and Florida, purchased RMI-Denver from Pentron/Koala.

$21 Mil 1991: 

The successful RMI-C management team merged their assets with Koala and formed basis of the company as it is known today. At the time of the merger, Koala’s stockholder share price had dropped to $0.12 per share. This was a remarkable time for RMI, as the management team had major hurdles to overcome coupled with very little shareholder equity in its drive to rebuild a viable and prosperous corporation. Through bank refinancing and hardworking employees, sales were increased and profitability was regained.

$26 Mil 1992: 

Plastech, which consisted of RMI-Texas and RMI-Pennsylvania, was acquired and added to the RMI group.

$31 Mil 1995: 

RMI-Arleta, California, was acquired to increase the manufacturing and sales capacity of the California operations.

$36 Mil 1996: 

RMI-T was expanded for the second time since the purchase in 1992.

$36 Mil 1997: 
RMI purchased a large facility and merged RMI-C and RMI-W into one location at Bensenville, Illinois.
$47 Mil 1998 &  1999 RMI purchased a much larger facility and relocated RMI-D to Commerce City, Colorado.
   

RMI acquired Rotocast International increasing total number of manufacturing and sales facilities to 13. Closed and merged Pennsylvania to Chicago and Texas; Arleta to Gardena and Las Vegas; and Miami Rotomolding to Brownwood and Bartow.

 

 
 
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