scott kearns RPN oil rig story

Analysis: US compounder plugging gaps after oil-market plunge

Akron, Ohio - During 2013 and 2014, things were going so well in the oil and gas business that custom compounder Pinnacle Elastomeric Technology decided to add more capacity.

More than half of its business was tied to oil and gas, its plant in Lula, Georgia, was operating 50-plus hours per week, and the business was close to capacity, working on open mills, according to president Bob Rathbun. After all, from 2012 to the end of 2014, the number of oil rigs drilling for oil in the…

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