Polyvulc retains firm to sell facilities in Mississippi, Louisiana
by MBJ Staff
Published: July 24,2014
Tags: Falco Lime, Fred Farrell, Heritage Equity Partners, injection moldinmg, Larry Lambiotte, Matt LoCascio, Polyvulc Tire Recycling LLC, Polyvulc USA Inc., recycling, rubber, sale, sell, tire, Winnsboro Rubber Recycling LLC
VICKSBURG — Polyvulc USA Inc., an injection-molding company that recycles plastics into pier pads and FHA-approved perimeter foundation wall systems for manufactured homes, and two tire recycling businesses, has retained Heritage Equity Partners (HEP) to seek an immediate sale of the Vicksburg-based company, as well as its subsidiaries, Polyvulc Tire Recycling, LLC, a tire shredding facility in Jackson, and Winnsboro Rubber Recycling, LLC, a crumb rubber plant in Winnsboro, Louisiana.
The companies were founded in 1995 by Fred Farrell and Larry Lambiotte, who also founded, built and eventually sold Falco Lime to Mississippi Lime in 2003.
Polyvulc Tire Recycling, LLC, located just southwest of downtown Jackson, takes whole tires and shreds them down to rubber chips. A portion of the rubber chips are sold for use in the playground industry and as tire-derived fuel to the paper mill industry. The remainder is sold to Winnsboro Rubber Recycling for further grinding into smaller sizes and/or to Polyvulc USA Inc. for use in its steel reclaiming system.
Winnsboro Rubber Recycling, LLC operates a 70,000-square-foot leased facility and grinds rubber chips from tires into fine-grind rubber powders. The powders are then sold into various markets including asphalt, athletic fields, roofing and soaker hose industries. In addition to chips, Winnsboro also takes in whole tires at its shredding facility, and shreds for its own raw materials. The company has the capacity to do 40 million pounds annually.
Matt LoCascio, a managing director at HEP, said, “Ownership is looking to complete transactions in the next 45 days, and we believe the existing capacity and customers make this an excellent acquisition opportunity for someone in the rubber recycling or injection molding businesses. Winnsboro is one of only four permitted facilities in the entire state of Louisiana, and Polyvulc Tire Recycling is one of only two in Mississippi, so groups looking to expand in this industry only have a few options to consider.”
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