Western Canada has a new supplier of recycled PET sheet after a private firm bought Agra Recycling Ltd.'s assets in Edmonton, Alberta. Silverdale Plastics Ltd. began making sheet on its extruder in early September for report covers and thermoforming, according to David Parker, president of the newly formed firm, a subsidiary of Silverdale Corp. of Calgary, Alberta. It bought the Agra assets in mid-July, a few weeks after Agra closed the PET recycling facility. Parker and Agra officials did not disclose terms of the sale. Assets include cleaning and flaking equipment and a sheet extrusion line.
Parker said Silverdale will concentrate on PET sheet sales because flake markets ``are depressed.''
Silverdale is sourcing PET bottles from various western sources through recycler Toby Manufacturing Inc. of Calgary. Most of Alberta's reclaimed PET soft drink bottles are shipped to an undisclosed company in Georgia for recycling. Agra recycled the bottles before it closed its Edmonton plant.
Silverdale Corp., owned by Bill Walton, is an investment firm with various interests, including movie film services, Parker said. Edmonton municipal officials supported Silverdale's decision to reopen the former Agra plant but provided no money for the project. Agra employed about 25 but Parker did not know how many laid-off workers will be rehired.
Agra Industries Ltd., meanwhile, continues with negotiations to sell its Mississauga, Ontario, bottle blow molding plant. The Mississauga-based company announced in June it had a letter of intent to sell the operation to an undisclosed firm.
Spokesman David Paterson did not identify the potential purchaser but said negotiations were taking longer than expected for unspecified reasons. The sale is part of Agra's move to focus on its engineering activities.