HEATH, OHIO - A Cleveland-area investment company said it is negotiating directly with Quantum Chemical Co. to buy Quantum's idle plastics recycling plant in Heath. Mark Fixler, president of Fix-Corp International Inc. in Beachwood, Ohio, said the investment firm stepped up to buy the plant after Quantum's deal with 3DM LLC fell through.
Fix-Corp had represented 3DM in its attempted acquisition. 3DM, a new company headquartered in Heath, had announced plans to turn the 50,000-square-foot facility into a pallet-making plant, but its $675,000 down payment and $2,417 check for closing costs were returned unpaid, according to Quantum, which then filed suit to retain ownership of the plant.
Quantum spokesman Henry Gudrian said that as a result of the court filing, Quantum has severed all contacts with 3DM, regained ownership of the plant, and is negotiating with prospective buyers.
Fixler said his firm, too, cut off ties with 3DM and will "deal directly with Quantum on this.''
He said if a deal can be struck, Fix-Corp will use the plant to make reprocessed pellets, which require very little capital investment, compared with capital outlays for pallet making.