Auxiliary equipment company IPEG buys Republic Machine

By Bill Bregar
Senior Staff Reporter

Published: April 15, 2013 12:11 pm ET
Updated: April 15, 2013 12:17 pm ET

Related to this story

Topics Mergers & Acquisitions, Machinery, K 2013

CRANBERRY TOWNSHIP, PA. — IPEG Inc., the parent company of Rapid Granulator AB and Conair Group, has acquired Republic Machine Inc., a manufacturer of single-shaft shredders based in Louisville, Ky.

IPEG intends to operate Republic as a division of Rapid Granulator, maintain the Republic Machine brand name, and retain the company's management, including founder George Sotsky.

Terms were not disclosed for the deal, announced April 15.

The move greatly expands the product line of Rapid Granulator, which has its core business in granulators, smaller high-speed grinders. "This acquisition allows us to expand beyond plastics scrap reclaim and into the broader recycling market," Rapid CEO Kirk Winstead.

Rapid currently makes one single-shaft shredder, the Granumatic. Now Republic brings a broad line of shredders, including large machines that can handle everything from plastic, film, wood, rubber and medical waste. Republic also designs specialized shredders to handle long lengths of plastic pipe, profiles, carpet and plastic lumber. They feature the modular Split-A-Part design, which makes it easy to clean and maintain the shredder, and the Zoidal cutting system that prevents film and fiber scrap from wrapping around the robot, reduces cutter wear and allows the tighter cutting tolerances.

Rapid Granulator is based in Bredaryd, Sweden. IPEG, along with auxiliary equipment maker Conair, is based in Cranberry Township, near Pittsburgh.

Republic shredders will be sold in North America through existing Republic distribution channels and globally through Rapid and Conair.

Winstead said Rapid Granulator has not had a major presence in the shredder market. "One of the goals for IPEG and Rapid Granulator is to be the global leader in the overall size-reduction market, and this acquisition is an important step to realizing that vision," Winstead said.

IPEG CEO Chris Keller made the announcement. "We look forward to honoring the heritage of the Republic Machine brand and investing on the continuing evolution of its product portfolio," Keller said.


Comments

Auxiliary equipment company IPEG buys Republic Machine

By Bill Bregar
Senior Staff Reporter

Published: April 15, 2013 12:11 pm ET
Updated: April 15, 2013 12:17 pm ET

Post Your Comments


Back to story


More stories

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events