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Russell T Gilbert

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BUSINESS
October 9, 1997 | James S. Granelli
The former owner of Cimco Inc. has lost his legal battle to regain part of the business that he sold to a Cleveland company two years ago. An Orange County Superior Court jury ruled last month that the M.A. Hanna Co. didn't commit fraud or breach any contract in rejecting Russell T. Gilbert's offer to buy back the Cimco's core plastic molding division. Hanna sold that unit to InteSys Technologies Inc. for $14 million.
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BUSINESS
October 9, 1997 | James S. Granelli
The former owner of Cimco Inc. has lost his legal battle to regain part of the business that he sold to a Cleveland company two years ago. An Orange County Superior Court jury ruled last month that the M.A. Hanna Co. didn't commit fraud or breach any contract in rejecting Russell T. Gilbert's offer to buy back the Cimco's core plastic molding division. Hanna sold that unit to InteSys Technologies Inc. for $14 million.
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BUSINESS
February 29, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
The Cleveland company that bought Cimco Inc. said it has reached a stalemate in negotiations to sell a portion of the business back to founder Russell T. Gilbert and is looking at other possible buyers. M.A. Hanna Co., which bought Cimco four weeks ago, said it will continue to operate the 350-employee plastics molding business housed in three adjacent plants in Costa Mesa until a buyer is found.
BUSINESS
February 29, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
The Cleveland company that bought Cimco Inc. said it has reached a stalemate in negotiations to sell a portion of the business back to founder Russell T. Gilbert and is looking at other possible buyers. M.A. Hanna Co., which bought Cimco four weeks ago, said it will continue to operate the 350-employee plastics molding business housed in three adjacent plants in Costa Mesa until a buyer is found.
BUSINESS
September 4, 1995
Terri Vaccher has been named regional manager of Merit Property Management in Mission Viejo. Vaccher, who has been with the company five years, was previously district manager. * J. Terry Bagwell has been named president and chief operating officer of Medical Molding Corp. of America, a wholly owned respiratory medical products division of Cimco Inc. in Costa Mesa. Bagwell joined the company in 1967 and has held numerous managerial positions, most recently as vice president of the division.
BUSINESS
January 26, 1996 | JAMES S. GRANELLI
Cleveland-based M.A. Hanna Co. on Thursday picked up 95% of the shares of Cimco Inc. for $32.55 million, completing its tender offer for the plastics maker. Hanna, an international specialty chemicals company, also has agreed to assume about $18 million in Cimco debts, making the deal worth $50 million, said Russell T. Gilbert, Cimco's founder and president. Gilbert said Hanna will formally close the deal next week when it pays Cimco stockholders $10.50 a share and transfers control.
BUSINESS
December 21, 1995
M.A. Hanna Co. of Cleveland said Wednesday that it has signed a definitive agreement to buy Cimco Inc., a Costa Mesa maker of industrial and medical plastics, for about $33 million. Cimco and M.A. Hanna had struck a tentative agreement in November. Hanna, an international specialty chemicals company, will pay Cimco shareholders $10.50 a share, plus options and other securities. Hanna also has agreed to sell Cimco's fast-growing plastics molding business, Compounding Technology Inc.
BUSINESS
June 4, 1988 | Leslie Berkman, Times staff writer
Cimco Inc., a Costa Mesa manufacturer of disposable medical products, has decided to pin its fortunes on a more modern thermometer. Russell T. Gilbert, Cimco's president and chief executive officer, said that the disposable covers it produces were designed to fit thermometers that were state of the art 15 years ago. But over the years, they became outmoded and lost their market share.
CALIFORNIA | LOCAL
February 2, 1990 | JANICE L. JONES
The Costa Mesa Chamber of Commerce has hired Edward (Lee) Heinz as executive manager. Heinz replaces Arlene Schafer, who held the position for three years before resigning in December. Heinz has been executive vice president of the Lompoc Valley Chamber of Commerce for the last two years. Heinz served 28 years in the Air Force before retiring as a full colonel in 1988. He was commander of the 659th Test and Evaluation Group at Vandenberg Air Force Base in Lompoc.
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