Division & Company News
October 12, 2010
Important Equipment Tax BenefitsThe Tax Code Section 179 deduction for qualified equipment has recently been increased to $500,000. This means businesses can write off up to $500,000 of qualified equipment within the 2010 tax year. Equipment must be placed in service by December 31, 2010, but the deduction may apply to equipment ordered in 2009.
The purchase of the Injection division was a process that began in early 2009 and completed late that summer. It is hard to believe that one year has transpired. Many changes, all for the better, have made us a more competitive, proactive organization than before. One year later, the web site and machine listings are more current, the categories more specific, and our knowledge of market trends has never been more accurate. Our goal is to only get better and maximize our value to our customers. Please reference this page regularly as we feel it is one of our most important.
September 11, 2010
Thank you to everyone who donated to support our cause. It was a beautiful day to witness so many good people raise awareness and support those in need.
July 14, 2010
Stopol Equipment Sales to Participate in the
2010 Susan G. Komen Race for the Cure
The fight against cancer goes on. In today's society everyone knows someone who has been touched by breast cancer. Whether it's a friend or relative, someone in your circle has battled breast cancer. We have found a way to fight against cancer- through the Susan G. Komen Race for the Cure®.
The Komen Race for the Cure is a community event that honors and memorializes breast cancer survivors, co-survivors and those that have lost to the disease. The Race also plays a vital role in raising funds for research, education, prevention, advocacy and treatment. Each year over 1.5 million people take part in Komen Race for the Cure events around the world. Our team will be joined by hundreds of others on September 11, 2010 in Cleveland.
How can you help?
You can support me us by making a tax-deductible contribution to Susan G. Komen for the Cure. If you would like to donate, please visit our personal webpage to make a donation to my efforts.
You may also call us with the amount you will be pledging and can send the donation, payable to the Susan G. Komen for the Cure, to me at the address below.
Additionally, you can join us at the event as a walker, runner or volunteer for the event. There are many ways to join in on the fight to end breast cancer forever.
Thank you for supporting the fight against cancer!
P.S. Ask your employer if they will double your donation. Use our gift matchfinder tool online at www.komenneohio.org/donate to find out how!
NEWS RELEASE
June 11, 2009
EMPLOYEES PLAN PURCHASE
OF STOPOL, INC., STOPOL AUCTIONS LLC
New organizational structure to enhance Solon, Ohio-based company’s operations
SOLON, Ohio (June 11, 2009) – A group of employees intends to purchase the four operating business divisions of Solon, Ohio-based plastics equipment dealer Stopol, Inc. and auction company Stopol Auctions, LLC.
Stopol employees Donald Kruschke, John Muzyczka and Scott Mihalic have agreed in principle to acquire the company and plan on operating it as four independent business units – Thermoforming, Extrusion, Injection Molding and Auctions. Contingent upon the deal’s closing, all four businesses will continue to market and sell used plastics processing equipment while also offering liquidation, auction and appraisal services. The transaction is expected to close in late June, provided that certain conditions are met. Terms were not disclosed.
Under the new proposed structure, Kruschke will oversee the Thermoforming and Extrusion units, and will be joined by long-time Stopol veterans Bud Hoffmann and Todd Harrell. Muzyczka will operate the Injection Molding business, and Mihalic will lead Auction services.
“This is an incredibly exciting opportunity for all of us to take what we’ve learned and use it to benefit our customers,” said Kruschke, who currently serves as Stopol’s Executive Vice President.
The planned change in ownership will not in any way interrupt service to Stopol clients.
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“This new structure makes us more flexible and will enhance what we can provide to our customers,” said Muzyczka. “A new decentralized structure will allow us to be more responsive and reduce our operating expenses. We intend to pass these savings on to our customers.”
The new Auction business is expected to work with and support the new Injection Molding, Thermoforming and Extrusion units.
“Stopol Auctions established itself as the industry’s premier auction company by focusing exclusively on plastics and its various processes,” said Auctioneer Mihalic. “We have no desire to change a strategy that has worked so well in the past.”