VICKSBURG, Miss. (July 24, 2014) — PolyVulc USA Inc., a Vicksburg-based plastics injection molder, is seeking buyers for its primary business and two rubber recycling subsidiaries, PolyVulc Tire Recycling L.L.C. and Winnsboro Rubber Recycling L.L.C.
To effect the sale, PolyVulc has retained Easton, Md.-based Heritage Equity Partners to handle the transactions.
Founded in 1995 by Fred Farrell and Larry Lambiotte, PolyVulc recycles plastics into pier pads and perimeter foundation wall systems for manufactured homes.
Its PolyVulc Tire Recycling subsidiary, located southwest of downtown Jackson, Miss., shreds whole tires into chips of ¾-inch to two inches in size, according to PolyVulc.
Some of Polyvulc Tire Reycling’s chips are sold as playground fill and tire-derived fuel, the company said. The rest are sold to the parent company for use in its steel reclaiming system, or to its second subsidiary, Winnsboro Rubber Recycling.
Assets include two buildings covering 20,000 square feet on 6.2 acres of land. Shredding capacity is listed as 30,000 tons annually.
Based in Winnsboro, La., Winnsboro Rubber Recycling grinds rubber chips into finely ground rubber powders (-40 to 10 mesh) for applications such as asphalt, athletic fields, roofing and soaker hoses, according to PolVulc.
Winnsboro Rubber Recycling also shreds whole tires for its own use, with a capacity of 40 million pounds annually, PolyVulc said. Assets include a 70,000-sq.-ft. building on 6 acres of land.
PolyVulc Tire Recycling and Winnsboro Rubber Recycling have had annual revenues of $1.4 million and $2.2 million, respectively, according to Heritage Equity Partners.
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|