What is Able Plastics?
Able Plastics is a seasoned player in the North American Plastics Industry, with over three decades of experience in the buying and selling of thermoplastic scrap, regrind, reprocessed, and virgin resins. The company offers a diverse product portfolio including PET, HDPE, and PVC materials, providing cost-effective solutions for clients seeking to reduce resin expenses or monetize surplus inventory. Beyond material trading, Able Plastics offers toll grinding services and ensures the secure destruction of obsolete stock. Their robust nationwide distribution network facilitates prompt deliveries, underscoring a commitment to exceptional customer service and 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?
The recent substantial expansion capital infusion positions Able Plastics for accelerated growth and market penetration. This strategic financing is expected to bolster their operational capabilities, potentially expanding their processing capacity, enhancing their distribution network, and exploring new avenues for material sourcing and sales. The company's focus on sustainability and cost-efficiency in the plastics recycling sector aligns well with current market demands, suggesting a trajectory towards increased market share and industry leadership.
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