(17 Total References)
StyleMaster Inc. founder ...
StyleMaster Inc. founder Martha Williams and a business partner will repurchase the assets of the bankrupt injection molding company and plan to file a reorganization plan this summer.
Ms. Williams, Stylemaster president and CEO, and Bill Bailes...
City of Chicago - Office of the Mayor - News
Martha Williams, StyleMaster's owner and chief executive officer, said she plans to add almost 400 new employees to her current 50-member workforce over the next two years.The company plans to add a second building, of 750,000 square feet, as part of the $50 million project.
"I know I speak for my partners as well," said Williams
, "when I say that Gateway Park will be a portal to opportunity for the residents and businesses of Chicago.My heart is filled with gratitude to all those who have helped me realize this dream." She
specifically thanked Mayor Daley; her
partners, Bill Bailes and Michael DePaul; customers such as Kmart, Wal-Mart, and Target; Jim Capraro, executive director of the Greater Southwest Development Corporation, Aldermen Edward M. Burke (14th), Theodore Thomas (15th) and Thomas W. Murphy (18th).
and StyleMaster bring not only jobs and economic prosperity, but also a fighting spirit, a will to succeed in spite of long odds." Williams
grew up in public housing in Chicago, and took a job in a plastic injection molding plant in suburban Niles.Within eight years she was the plant manager of a multi-million dollar manufacturing company.In 1991 she founded StyleMaster, which has produced and distributed products from leased and rented buildings throughout the Chicago area and northwest Indiana.
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Chicago Bankruptcy Lawyers - Bankruptcy Judge Schmetterer's Opinion (13)
76. Ms. Martha Williams ("Williams") is
the current president of Stylemaster
Stylemaster's filing in 2002, Ms.Williams was the president, chief executive officer, and chief operating
officer of Stylemaster
relevant times, Ms. Williams
was responsible for contacting vendors and
authorizing the purchase of molds on
Stylemaster's behalf.Ms. Williams
was also responsible for
submit drawings and other documents pertaining to the design of each mold.Ms.Williams
would also seek the advice and input of Mr. Raymond C. Wenk, Sr.
95. Ms. Williams
was responsible for
final approval of all molds manufactured for Stylemaster
or its predecessor in
interest. (Pl.'s Finding of Fact ¶ 18; Def.'s Finding of Fact ¶ 18.) Ms.Williams
approved the final samples of the Cost Reduction Molds in issue here.
specified by Ms. Williams
.In most instances, Ms. Williams
would submit design drawings and
Laverty would meet with Ms. Williams
As Ms. Williams
testified that Stylemaster
paid for repairs when the problems were
caused by Stylemaster
's faulty designs. (For example, Stylemaster designed one
mold with the wrong dimension on the stacking rib, (Williams Reopened Tr.
8/19/02 at 113-114.)) Ms. Williams
further testified that CME
or Cost Reductions
111. Sometime in 1999, Ms. Williams
designed a new product line referred to as the Contempra Line Molds. (Williams
Reopened Tr. 8/20/2004 at 63-65.) Ms. Williams
discussed the new product line
Tanner and Wenk, and also Ms. Williams
and Mr. Wenk testified
a letter to Ms. Williams
recommendations concerning Mold WX0200's
performance. (Def.'s Reopened Ex.43.) After receiving these documents, Ms.Williams
contacted Cost Reductions to make sure that Cost Reductions would pay
for all repairs relating to this mold.Ms. Williams
testified that she
believe the Mold was incapable of producing the parts Stylemaster required, butshe
was concerned about maintenance issues.
testified that although
Mold WX02000 had several defects, the mold was put into production and produced
over a million plastic products. (Williams Reopened Tr. 8/23/04 at 29-30.) After the defects were brought toMs. Williams'
continued to make payments for Mold
testified that Stylemaster
submitted inaccurate design information. (Williams
Reopened Tr. 8/19/02 at 114.) Stylemaster
, for example, designed
onemoldwiththewrongdimension on the stacking rib. (Williams Reopened Tr. 8/19/02
at 113-114.) CME
made changes to these molds at the request of Ms. Williams
(Pl.'s Reopened Ex.71 SMR 00762-00768.) Ms. Williams
accepted the molds after
corroborates Ms. Williams'
It must therefore be concluded, that
7/ Ms. Williams
testified that each
mold was put into production as fast as possible to enable the product to reach
8/ Ms. Williams
For instance, Ms. Williams
ofMr. Wenk who testified that Ms. Williams
to serve as
...principal's representative, Ms. Williams, contradictedMr.
A: I said if I were you, Martha
some of these, I would definitely reject these molds.
Q: Do you know if she
ever did that?
A: I know she
didn't do that.
Outstanding For-Profit Neighborhood Real Estate Project: StyleMaster, Inc. & Gateway Park, LLC, for Gateway Park â€” The Chicago Neighborhood Development Awards
Martha Williams, a partner in Gateway Inc. and chief executive officer of Stylemaster Inc., a manufacturer of injection- molded plastic storage products, and the nation's largest manufacturing company owned by an African- American woman, had grown up in the Robert Taylor Homes and had to travel four hours every day to reach her first job in plastic manufacturing.
As a result, she was committed to building her plant in the heart of the city, close to a population in need of work.
She convinced her partner, William Bailes, of the wisdom of creating a new industrial park in Chicago.
In June 2000, Williams, Bales, Jim Capraro, executive director of Greater Southwest Development Corporation, and Mayor Richard M. Daley stood together at the groundbreaking.
bring not only jobs and economic prosperity, but also a fighting spirit- a will to succeed in spite of long odds."
Statement of Martha Williams Founder, President and CEO, StyleMaster, Inc.On The Sale of StyleMaster, Inc.April 22, 2002 CHICAGO, April 22 /PRNewswire/ -- At the conclusion of a Chapter 11 bankruptcy sale today in which Martha Williams and her partner Bill Bailes were able to re-buy the assets of their company, Williams issued the following statement: CHICAGO, April 22 /PRNewswire/ -- At the conclusion of a Chapter 11 bankruptcy sale today in which Martha Williams and her partner Bill Bailes were able to re-buy the assets of their company, Williams issued the following statement: