Recycled railroad tie maker IntegriCo Composites Inc. is recapitalizing, making changes in the executive suite and entering new markets for pipeline skids and construction matting.
The Sarepta, La.-based company said in a Feb. 11 announcement that it was entering a "strategic expansion" after recapitalizing with affiliates of Purchase Capital LLC, an investment firm founded by the company's new executive chairman, Nicholas Singer, and with Acadia Wood Partners LLC.
The company declined to provide details about the recapitalization or about any capacity expansion, but it said the new products, like its railroad ties, are made with 100 percent recycled plastic.
"The expansion into new markets with strong growth potential builds on IntegriCo's track record for manufacturing high-performance rail industry products that have a positive environmental impact," the firm said.
IntegriCo also named other new executives, with Daniel Lyons appointed vice president of corporate development, Scott Stewart as vice president of operations and Bryan Kelley as plant manager.
The firm said Singer would be responsible for day-to-day management as executive chairman.
"We're excited about our leading position in new markets with substantial future growth opportunities," Singer said.
According to IntegriCo's website, Singer has a background in finance and investment.