August 12, 2019
Two Huge Plastics Reclaimers Now Under Same Umbrella
Opening paragraphs from “Acquisition brings polyolefin reclaimers under same umbrella”, Plastics Recycling Update, resource-recycling.com, Jared Paben, August 7, 2019
The parent company of Green Line Polymers acquired the parent company of Champion Polymer Recycling in a purchase valued at over $1 billion.
Hilliard, Ohio-headquartered Advanced Drainage Systems (ADS) bought Old Saybrook, Conn.-based Infiltrator Water Technologies (IWT) for $1.08 billion, according to a press release.
ADS makes thermoplastic piping for commercial, residential, infrastructure and agricultural applications, with a focus on stormwater management. Founded in 1966, the company has 4,400 employees, 56 manufacturing locations and 32 distribution centers around the world.
Read the full article on resource-recycling.com.