U.S. Plastic Lumber Corp. announced that it will exit its composite decking and OEM composite businesses. This move comes as part of USPL's plan to focus on its PE product lines -- which include its Trimax structural lumber and CareFree Xteriors HDPE Decking, as part of its restructuring plans.
USPL's announcement means that it is exiting all of its composite product lines as soon as practicable, which includes wood-plastic products such as composite deck board and also its composite products used in such applications as windows, doorframes and playground equipment.
USPL filed for protection under the provisions of Chapter 11 of the bankruptcy code on this past July, and is in the process of putting together its reorganization plan. The company hopes to emerge from Chapter 11 protection early next year.
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