MONROE, LA. - Mid South Extru-sion Inc., a Monroe-based film extruder, formed Mid South Converting LLC, a subsidiary, through the acquisition of a recycling facility June 3. Officials would not disclose the purchase price. Mid South Converting, located in West Monroe, recycles polyethylene in its 35,000-square-foot facility. It has 24 employees and two 6-inch extruders.
``We saw this business as potential for our management to successfully operate the reprocessing facility for our own benefit and for the extra economic benefit,'' said Mid South extrusion controller Robert Bales.
The recycled materials are used by Mid South Extrusion and are sold to other processors.
Mid South Extrusion ha s four PE film lines and 70 employees. It serves the food packaging, building and construction, industrial, shrink film, and agricultural industries.
It reported sales of $16.4 million last year.