Injection molder, recycler Polyvulc USA puts itself up for sale

Miles Moore
RUBBER & PLASTICS NEWS

Published: July 24, 2014 12:41 pm ET
Updated: July 24, 2014 12:45 pm ET

Image By: Polyvulc USA Inc. Polyvulc's injection molded pier pads are used in support systems for manufactured housing.

Related to this story

Topics Mergers & Acquisitions, Sustainability, Construction, Injection Molding, Recycling

VICKSBURG, MISS, — Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, are seeking the immediate sale of their businesses.

“There are some health issues involved, so they’re looking to sell pretty quickly,” said Matt LoCascio, a managing director at Easton, Md.-based Heritage Equity Partners. Farrell and Lambiotte have retained HEP to oversee the sale.

Farrell and Lambiotte founded Polyvulc USA in Vicksburg in 1995. The company injection molds recycled plastics into pier pads — used on support systems for manufactured homes — and Federal Housing Administration-approved wall systems for manufactured houses. It also has a steel reclaiming operation, according to a Polyvulc press release and a page on the HEP website.

Polyvulc Tire Recycling is located in Jackson, Miss., just southwest of downtown, according to Polyvulc. The company shreds whole tires into chips of approximately ¾ to 2 inches in size.

Some of the chips are sold for use as tire-derived fuel or playground fill, Polyvulc said. Other chips go to Polyvulc USA for its steel reclaiming operation or to Winnsboro Tire Recycling as raw material.

Based in Winnsboro, La., Winnsboro Tire Recycling grinds rubber chips into fine-grind powders for various applications including asphalt, athletic fields, roofing and soaker hose, according to Polyvulc.

Winnsboro also shreds whole tires for its own use, with an annual capacity of 40 million pounds, Polyvulc said.

Farrell and Lambiotte are willing to sell the businesses separately or as a package deal, whichever would maximize profits, LoCascio said.

According to the HEP website, the three businesses have combined annual sales of $6.3 million. That includes $1.5 million for Polyvulc USA’s recycled plastics business; $1.2 million for its steel reclaiming business, $1.4 million for Polyvulc Tire Recycling and $2.2 million for Winnsboro Rubber Recycling.

Purchasers of Winnsboro Rubber Recycling may either assume the lease with the City of Winnsboro on the company’s 70,000-sq.-ft. facility on six acres, or else move the equipment elsewhere, the HEP website said.


Comments

Injection molder, recycler Polyvulc USA puts itself up for sale

Miles Moore
RUBBER & PLASTICS NEWS

Published: July 24, 2014 12:41 pm ET
Updated: July 24, 2014 12:45 pm ET

Post Your Comments


Back to story


More stories

Image

Residents ask court to close pipe maker

November 21, 2014 3:22 pm ET

Residents living by National Pipe & Plastics Inc.'s new factory in an industrial zone of Endicott, N.Y., say the facility has “devastated the...    More

Image

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Netstal, Electra Form team up for PET preform partnership

November 20, 2014 3:15 pm ET

The Netstal division of Krauss-Maffei Corp. is teaming up with Electra Form Industries in a partnership to offer PET preform machines and molds as a p...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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