A plastics recycler acquires a custom blow molding machine in Ontario as part of a deal to expand production.
EFS-Plastics Inc. buys Exi-Plast Custom Molding Ltd. of Huron Park, Ontario, to “add strength and stability to both companies,” said EFS.
“Having worked closely with EFS as a supplier since 2016, it was natural for Exi-Plast to become part of the EFS group of companies,” said Jeffrey Lang, President of Exi-Plast. “With the support of EFS, we look forward to increasing our production capacity and upgrading the equipment over the next few months.”
Exi-Plast describes itself as a “full-service provider of customer-specific plastic injection molding services, specializing in blow molding solutions for designers, manufacturers and dealers worldwide”.
EFS from Listowel, Ontario, will now directly manufacture products with a high proportion of post-consumer plastic, the company announced. EFS recycles post-consumer polyethylene and polypropylene from household sources. Plastics News estimates it processes 66 million pounds of post-consumer plastics annually.
“Our investment in Exi-Plast will increase our ability to serve customers who want to improve their environmental footprint,” said EFS CEO Martin Vogt in a statement. “As we are closely monitoring the actions of both the federal government and the private sector, we see the increasing demand for recycled content as a permanent trend.”
In total, the two companies employ more than 110 people.