RPM Acquiring Plastics Grinding Operations

Move will guarantee steady supply of recycled plastics.

Published April 21, 2004

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.

 

RPM expects to have the grinders and the attendant equipment under roof and producing regrind within sixty days. Since FNR has long-term contracts to acquire consumer and industrial scrap at nominal costs, RPM will save from 20-25 percent in costs previously paid for resin from brokers and various suppliers. This translates into lower selling prices for RPM's popular export pallet and for its custom plastic pallet components.
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