RPM Technologies is acquiring the grinding operations of First Nation Recycling, a plastics recycling operation. RPM made the acquisition to insure a steady supply of quality recycled plastic resin to make its plastic pallets and custom pallet components.
Along with purchasing the operation RPM is retaining the services of the CEO and COO of First Nation to sell the surplus production.
FNR's recycled HDPE and LDPE resin sales in 2003 were $1.4 million. FNR's contracts to obtain consumer and industrial plastic scrap insure a steady supply of high-quality resin, which will be sold in flake or pellet forms. FNR resin processing incorporates a proprietary system of grinding scrap, which produces recycled resins that are classified as mixed-color or industrial regrind.
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