PAWTUCKET, R.I. (Oct. 11, 2012)—Victor J. Baxt, chairman of Teknor Apex Co., died Oct. 7 at age 95.
Baxt played an important role in turning Teknor Apex into a major custom compounder of plastics, said the firm, which also mixes thermoplastic elastomers and produces hose products.
He was a college friend of Norman Fain—son of Teknor Apex founder Alfred Fain—and joined the firm in 1946. Teknor Apex entered the plastics market in 1949, when it first produced PVC compounds.
Fain, Baxt and Herbert Malin, who joined Teknor Apex in 1956, “were partners in leading the transformation of the company from a business focused on the tire and rubber market to a diversified plastics enterprise,” the company said. Teknor Apex today employs more than 2,000 worldwide and has annual sales of more than $600 million.
Baxt was a graduate of the University of Rhode Island and Duke University. He is survived by his wife Gussie, two sons, three grandchildren and five great grandchildren