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
Companies & Associations

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

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    More

Market Reports

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events