He was CEO of the family’s company Heritage Bag, which he sold in 2016
Heritage Bag is a producer of trash bags and liners. The company is based in Dallas, TX. Heritage Bag was founded in 1973 by Carl F. Allen, as a manufacturer of plastic trash bags, can liners and food bags, which were sold to institutional and commercial customers. Today, it’s one of the leading can liner producers in North America with 6 production facilities. The company has 800 employees. In 2016 Heritage Bag was sold to Novolex for approx US$ 300 million. Allen is now an investor through his company Allen Exploration
Carl Allen is the founder of Allen Exploration, which acts as a family office and investment firm. The company is also active in nature exploration, researching pollution, fish migration and finding sunken ships. Allen’s fleet consists of the Westport Gigi, the 55 metre Damen support vessel Axis, a Triton submarine, an Icon A5 aircraft (N444BA), a Cirrus SR 22 plane (N638SR) and a Viking sport fisher yacht named Frigate.
In 2018 Carl Allen purchased the island Walker’s Cay in the Bahamas. Allen intents to create an ideal sport fishing island with a large marina able to accommodate both superyachts and sport fisher yachts.
We estimate the net worth of Carl Allen at US$ 400 million. Carl Allen and his wife Gigi are active philanthropists. They have donated millions to health care, education and nature conservation.
Carl and his wife Gigi Allen in a large house in Dallas. His father Carl F Allen -
The yacht Gigi is a 50 meter (164 ft) motor yacht built by Westport. The yacht was built for real estate developer Otto ‘Buzz’ Divosta. In 2016 she was bought by Carl Allen. Gigi can accommodate 12 guests and a crew of 11. She is powered by two MTU engines, which bring her a to speed of 24 knots and a range of 3,700nm. Gigi is designed by Donald Starkey, who is also responsible for her interior. Gigi is named after Allen’s wife. The yacht is available for charter.
Axis is a 55 meter support vessel built by Damen in 2016. She carries the toys and research equipments for Allen Exploration. She can accommodate 8 guests or crew in 3 cabins. Axis is powered by 4 Caterpillar Engines. She was built as Fast & Furious.
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