Georgia-based plastic and aluminum marine wall and dock maker CMI Limited Inc. has purchased synthetic lumber maker Engineered Plastic Systems of Illinois in a bid to broaden its market profile.
Terms were not disclosed but CMI President and CEO Duane Bryant said in a statement the acquisition lets it expand into new markets as well as give it more capabilities in its core marine products business.
"Their mono-extruded HDPE decking boards, deck railing and fence railing add to our extrusion expertise, regional production footprint and ability to serve new and existing customers with a broader array of products," he said. "Additionally, EPS' products are designed to perform exceedingly well in the marine markets we serve."
EPS, in Elgin, Ill., makes plastic lumber for decking, railing and recreational facilities as well as outdoor furniture, with material that has at least 50 percent recycled content from things like milk jugs and detergent bottles.
CMI, which is based in Woodstock, Ga., said the EPS acquisition would become its third operating division.