Paper recycler adds plastic to repertoire
MECHANIC FALLS, MAINE — Great Northern Recycling Inc., which has concentrated on paper recycling, is venturing into the plastics recycling field.
The company has acquired Port City Exchange of Portsmouth, N.H., a brokerage specializing in trading thermoplastics. David L. Bangs, formerly president of Port City Exchange, will lead GNR's new thermoplastics division as a company vice president.
``Under David's direction, our new thermoplastics division will be buying and selling all types of post-consumer, post-industrial and engineering thermoplastics,'' GNR President Peter J. Bolduc Jr. said in a news release. ``This addition complements GNR's existing post-consumer business.''
GNR was founded in 1988 and employs 35.
Trex Co. named to the Virginia Fantastic 50
WINCHESTER, VA. — Trex Co. LLC was recognized by the Virginia Chamber of Commerce as one of the 50 fastest-growing companies in the state. In addition, the Winchester-based firm received the Virginia Vanguard award in the manufacturing category.
The Fantastic 50 awards banquet was held April 29 in Richmond, Va. Virginia Vanguard winners were selected from among the Fantastic 50 in the categories of manufacturing, technology, service and retail/wholesale. In addition, the company with the highest revenue and the company with the highest overall growth rate were honored.
``Our growth has been phenomenal,'' Trex President Bob Matheny said in a news release. ``There was a definite need within the residential decking market for a decking lumber that would never rot or splinter, requires no staining or sealing and looks attractive.''
Trex employs about 155 at the plant and 20 at its headquarters.