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Royal Plastics company history timeline

1967

Finally, in 1967, he was hired by Pillar Plastics Ltd., a small Toronto company.

1969

Infuriated, De Zen decided to launch his own business, but not before returning to Europe for a year in 1969 to learn the latest developments in the making of dies for vinyl extrusion.

1970

Then, in 1970 he joined forces with a pair of fellow immigrants and Pillar employees, Domenic D'Amico and Lorenzo De Meneghi, each of them investing $17,000, although De Zen held a majority stake in the venture.

1973

Royal began importing into the United States market in 1973, a watershed moment that marked the beginning of rapid, long-term growth.

Royal also was gaining attention south of the border in the United States, where companies were impressed with both the quality of the product and the price. It was also in 1973 that Royal paid CAD 500,000 to acquire De Zen's former company, Pillar, which had struggled after his departure.

1993

According to a 1993 Forbes profile, "Royal would grow, then reap some profits; grow, then reap.

1994

De Zen took Royal public in November 1994, keeping most of the voting stock for himself, more than 80 percent of voting shares as opposed to about 17 percent of equity.

1995

In January 1995 the company launched a joint venture with Rubbermaid Incorporated, creating Royal Rubbermaid Structures Ltd. to make and market modular consumer storage sheds.

1996

At the end of 1996 Royal bought out Rubbermaid's share of the business.

1999

A year later it cracked CAD 1 billion in annual sales and approached CAD 1.3 billion in 1999.

2000

Initiated toolmaking for export from RPI-China circa 2000

2003

No doubt feeling the pressure, De Zen announced his retirement in November 2003, although he retained 80 percent of the voting rights.

RPI-Mentor, USA and RPI-China is a partnership since 2003

2004

In November 2004 De Zen as well as CEO Douglas Dunsmuir and CFO Ron Groegan were ousted.

Exported injection molding from RPI-China circa 2004

2005

Began Integrated components, assembly, testing export from RPI-China circa 2005

2010

A new facility was opened in June of 2010, with over 250,000 square feet of operating space.

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Founded
1966
Company founded
Headquarters
Mentor, OH
Company headquarter
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Royal Plastics history FAQs

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Royal Plastics may also be known as or be related to Plastics Mentor LLC, ROYAL PLASTICS INC, Royal Plastics, Royal Plastics Inc and Royal Plastics, Inc.