EFS-plastics acquires Exi-Plast Custom Moulding

EFS-plastics Inc., a postconsumer plastic recycler based in Listowel, Ontario, has acquired Ontario-based Exi-Plast Custom Moulding, a plastic manufacturer with a focus on custom blow molding services. EFS-plastics focuses on producing high-quality postconsumer polyethylene and polypropylene resin from household collected recyclables.

According to EFS-plastics, the acquisition will increase the market strength and stability of both organizations, which provide more than 110 jobs in Huron and Perth Counties, Ontario. EFS-plastics says both companies will continue to operate under their organizational structures and will build on their existing base of suppliers and customers. 

EFS-plastics President and CEO Martin Vogt says the companies will operate as "separate business units, retaining their organizational structures." He adds, "Through its joint venture partnership with Inteplast Group, EFS-plastics looks forward to supporting Exi-Plast as it grows its business."

Joint venture partner Inteplast Group is based in Livingston, New Jersey.

EFS-plastics did not disclose any additional terms of the transaction. 

“Having worked closely with EFS as a supplier since 2016, it felt natural for Exi-Plast to join the EFS group of companies,” says Exi-Plast President Jeffrey Lang. “With EFS’ backing, we are looking forward to increasing our production capacity and upgrading equipment over the next several months.”

EFS-plastics reports that the acquisition fits into its 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 manufacture finished products with high levels of postconsumer recycled plastic for its consumers.

“Our investment in Exi-Plast will increase our ability to serve customers looking to improve their environmental footprint,” Vogt says. “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."