TITLE

Mayland Enterprises becomes part of PSI

PUB. DATE
May 2006
SOURCE
Plastics News;5/8/2006, Vol. 18 Issue 10, p27
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Plastic Solutions Inc. (PSI) has merged with Mayland Enterprises Inc. to create a commodity resins distributor with annual sales of about $100 million. The new firm will operate under the PSI name, according to Brad Morgan, senior vice president and chief financial officer of Roswell-based PSI. The combined entity will distribute about 160 million pounds of polyethylene, polypropylene and polystyrene per year. Slightly more than half of that amount will be prime resin, with the remainder in off-spec grades. PSI did more than half of its business in PE, while Ellenboro, North Carolina-based Mayland was equally balanced in all three materials.
ACCESSION #
20897660

 

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