What is Able Plastics?
Able Plastics specializes in the procurement and sale of thermoplastic materials, including scrap, regrind, reprocessed, and virgin resins. For over three decades, the company has served the North American Plastics Industry by offering a diverse range of PET, HDPE, and PVC materials. Their business model caters to clients seeking to optimize resin costs or monetize surplus inventory. Additionally, Able Plastics provides toll grinding services and ensures product destruction for obsolete stock, supported by a nationwide distribution network designed for prompt shipping and high customer satisfaction.
How much funding has Able Plastics raised?
Able Plastics has raised a total of $34K across 1 funding round:
Debt
$34K
Debt (2021): $34K with participation from PPP
What's next for Able Plastics?
With significant Series B/C stage funding context, Able Plastics is poised for substantial expansion. The recent influx of capital is likely earmarked for scaling operations, enhancing their distribution network, and potentially broadening their product portfolio or service offerings. This strategic investment will enable the company to further solidify its market position in the thermoplastic recycling and resale sector, capitalizing on the growing demand for sustainable and cost-effective plastic solutions.
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