USSR hires help to execute sale
WARREN COUNTY — U.S. Rubber Reclaiming Inc. (USSR) has retained Equity Partners Inc. to seek a buyer for its rubber mulch/rubber reclaiming business. Terms were not disclosed.
USSR has been reclaiming various scrap rubbers for over 100 years. The business involves butyl rubber reclaiming, as well as manufacturing high quality rubber mulch for playground surfacing, landscaping and a multitude of other uses.
Located just south of Vicksburg on U.S. 61, USSR owns over 12 acres of land and has nearly 87,000 square feet under roof in two contiguous plants. Extensive factory rehabilitation in the 1990s increased production capacity to over 2.2 million pounds for butyl rubber reclamation per month.
Current management would like to continue operations with a new owner or partner in place, focusing on the natural rubber mulch business. Don LaGrone, president of USRR, said, “The company has almost 30 million pounds of natural rubber tubes on site, ready to be processed. We continue to feel there is a very good business opportunity in converting this material into a high quality, 100 percent wire-free mulch product.”
Equity Partners, headquartered in Easton, Md., provides investment banking services for companies and properties with unique difficulties such as financial distress, special financing needs or partnership disputes, and has completed in excess of 350 engagements throughout the United States since 1988.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “USSR hires help to execute sale”
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Silver Airways ordered to continue service
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Bryant signs controversial abortion ban bill
- Soybean yield more than doubles in less than a decade
- Two Delta groups getting economic development funding
- Pharma Pac lays off rest of workers; could end up owing state
- Plans unveiled for large shooting range on Coast
- Ole Miss launches commitment to be 'climate neutral'
- Yarber could be sworn in today as new Jackson mayor
- Biloxi baseball project still alive but may be held for 2015