Mountain Valley Recycling (MVR), a Boca Raton, Fla.-based manufacturer of plastic resins, has announced the acquisition of the assets of NextLife, also based in Boca Raton, a provider of sustainable solutions for the consumer packaged goods industry. Through the acquisition, MVR says it will have the ability to leverage its brand and to make its suite of sustainable packaging services available to brand owners interested in turn-key solutions.
NextLife offers a suite of services and solutions for brand owners interested in developing sustainable packaging for their products, including post-consumer recycled resin sourcing, product life cycle assessments, sustainable package design, product marketing support and the development of retail based closed-loop recycling programs.
All NextLife packaging contains from 25 to 100 percent post-consumer resins, including proprietary FDA- (Food and Drug Administration-) approved products.
“We are excited about this acquisition because NextLife has established itself as a strong brand and leading sustainable solutions provider in the consumer packaged goods industry,” says Ronald Whaley, president and CEO of MVR. “We have built a reputation providing high quality, sustainable PCR (post-consumer recycled) resins to consumers, and the addition of NextLife will broaden the value proposition we can bring to our customers and accelerate the pace at which brand owners understand and are able to implement sustainable solutions, including new opportunities for our line of sustainable resins.”
MVR says it has been expanding its manufacturing footprint to meet the growing need for sustainable plastic resins. The company recently opened a new facility in Frankfort, Ky., and has announced plans to open another facility in Michigan.