Good morning! We continue to follow the potential impact of tariffs on plastics processors and equipment OEMs. Our lead story focuses on steps you should take now to prepare your business. On our podcast, senior reporter Bruce Geiselman speaks to analyst Emily Friedman of ICIS about what tariffs could do to the recycled plastic market.

Hillenbrand announced on Wednesday that it had sold a 51 percent stake in Milacron to Bain Capital for $287 million. It had acquired Milacron in 2019 in a deal valued at approximately $2 billion. 

Byk-Gardner has a new spectrophotometer, and PTi has a new sales manager. Finally, our colleagues at IndustryWeek delineate employers' rights and best operating practices when dealing with ICE.

Lynne Sherwin, managing editor