Ontario recycler EFS-plastics acquires plastic manufacturer Exi-Plast
Acquisition prompted by policy and industry commitments to the Canadian circular economy
LISTOWEL, ON, Oct. 4, 2021 /CNW/ - EFS-plastics Inc., a post-consumer plastic recycler, has acquired Exi-Plast Custom Moulding, a plastic manufacturer with a focus on custom blow molding services. The acquisition increases the market strength and stability of both organizations, which provide over 110 jobs in Huron and Perth Counties, Ontario. Both companies will continue to operate under their organizational structures and will build on their existing base of valued suppliers and customers.
"Having worked closely with EFS as a supplier since 2016, it felt natural for Exi-Plast to join the EFS Group of Companies," said Exi-Plast President, Jeffrey Lang. "With EFS's backing, we are looking forward to increasing our production capacity and upgrading equipment over the next several months."
The acquisition of Exi-Plast fits into EFS's mission to reduce plastic waste by replacing the use of virgin plastic with high-quality, low-carbon recycled plastic. By purchasing Exi-Plast, EFS can directly manufacture finished products with high levels of post-consumer recycled plastic for its customers. Given the commitments made by brands and the Canadian federal government to increase their use of post-consumer recycled plastic, this enhanced vertical integration will allow EFS to recycle higher volumes of plastic collected from Canadian households.
"Our investment in Exi-Plast will increase our ability to serve customers looking to improve their environmental footprint," said EFS-plastics President & CEO Martin Vogt. "As we closely watch action being taken by both the federal government and the private sector, we see the increasing demand for recycled content as a lasting trend."
EFS-plastics Inc. (Listowel, Ontario) is a plastics recycler with a focus on producing high-quality 100% post-consumer polyethylene and polypropylene resin from household collected recyclables.
https://www.efs-plastics.ca/
Exi-Plast Custom Moulding (Huron Park, Ontario) is a full-service provider of custom plastic molding services specializing in blow molded solutions for designers, manufacturers, and distributors worldwide.
http://www.exiplastcm.com/
SOURCE EFS-plastics Inc.
If you would like more information about this topic, please call Eadaoin Quinn at 226-208-2083 or email at [email protected].
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