Recycled Plastics Industries, LLC
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Recycled Plastics Industries, LLC - overview
Established
1989
Location
Green Bay, WI, US
Primary Industry
Materials
About
Recycled Plastics Industries, LLC is engaged in the sustainable production of high-quality poly lumber, primarily from recycled materials, providing solutions across various industrial sectors. Recycled Plastics Industries, LLC specializes in producing poly lumber from recycled high-density polyethylene. Founded in 1989, the company is headquartered in Green Bay, US. The CEO, Roger Pattison, oversees operations aimed at advancing sustainability in materials.
In October 2021, the company was acquired by Premier Outdoor Living, LLC, as part of their strategic growth initiatives. Recycled Plastics Industries, LLC (RPI) specializes in the production of high-quality poly lumber, created primarily from recycled high-density polyethylene. Their core offerings include a range of custom colors and profiles tailored to meet the specific needs of various industrial partners. This poly lumber serves as an attractive and durable alternative to traditional wood and other materials, effectively addressing issues related to material and color degradation that can arise from the use of fillers such as wood flour or wood fiber.
RPI's products are designed for diverse applications across multiple industries, including outdoor furniture, marine construction, and residential and commercial building projects. The company primarily serves clients in the United States, while also catering to select markets in Canada and Mexico, reinforcing its commitment to high-quality materials manufactured in the USA. RPI generates revenue through direct transactions with a broad range of partners, focusing on B2B sales and custom manufacturing solutions. The company emphasizes its commitment to personalized service, fostering true partnerships rather than merely transactional relationships.
Revenue is derived from bulk orders and customized solutions, with clients placing orders based on their specific project needs and specifications. RPI’s flagship products cater to clients seeking sustainable and durable alternatives to traditional lumber. These transactions typically involve negotiated pricing structures based on the volume and customization of orders, ensuring that clients receive tailored products that align with their business requirements. Recycled Plastics Industries, LLC plans to introduce new product offerings designed for expanded applications in the outdoor and construction sectors, with specific releases expected in the upcoming year.
The company aims to penetrate additional markets in Canada and Mexico by 2024, leveraging recent funding acquired through its acquisition by Premier Outdoor Living, LLC in October 2021 to support these initiatives. The funding will be utilized to enhance product development and expand marketing efforts in these targeted regions.
Current Investors
Premier Outdoor Living, LLC
Primary Industry
Materials
Sub Industries
Wood/Hard Products, Rubber & Plastics
Website
www.rpi2.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Recycled Plastics Industries, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Recycled Plastics Industries, LLC | - |
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