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

North American robot sales set record

July 30, 2014 4:46 pm ET

The North American robotics sector is off to its fastest start ever, shattering last year's first-half record, with a first-half 2014 of 14,135...    More

Image

Castle Harlan buys landscape erosion control firm Tensar

July 30, 2014 3:46 pm ET

Private equity group Castle Harlan inc. has acquired Atlanta-based Tensar Corp., with plans for the geosynthetic products maker and its subsidiaries...    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Universal Polymer beefing up capabilities through acquisition

July 29, 2014 12:04 pm ET

Universal Polymer & Rubber Ltd. is growing again and adding to its capabilities, this time via another acquisition and a plant expansion.    More

Image

Reynolds considering sale of Closure Systems International unit

July 29, 2014 10:32 am ET

Packaging giant Reynolds Group Holdings Ltd. has put its closures business under review.    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events