Arsenal Capital Partners investing in specialty industrial and healthcare companies has entered into a definitive agreement to acquire a controlling interest in Revolution with an objective to make plastic a renewable resource.
Dhu Thompson, former majority owner and Chairman of Revolution, will continue as a board member and retain a meaningful investment in the company upon completion of the transaction. He noted, “We have been creating closed-loop recycling systems in the agricultural sector and manufacturing other sustainable plastics with up to 97% PCR content for many years. By partnering with Arsenal, our past is just the beginning of what we can achieve across the marketplace.”
Working Together Towards Plastic Sustainable Solutions
Sean Whiteley, CEO of Revolution, added, “The background of Arsenal in manufacturing, focus on sustainability and commitment to expanding our recycling and manufacturing capabilities is a perfect fit with our corporate objective of making plastic a renewable resource.”
Tim Zappala, a Senior Partner of Arsenal, said, “Through its innovative closed-loop process, Revolution has led the industry in recycling for both closed and green out loops, keeping over 1.5 billion pounds of plastic out of the landfills.”
George Abd, an Operating Partner of Arsenal, noted, “Revolution has the most innovative and scaled methods for recycling plastic film, coupled with industry-leading capabilities to manufacture high PCR finished products in many cases closing loops for its customers. This is just the beginning of the long-term trend for robust growth as demand continues to build for better ways to handle plastic waste and PCR products, and Arsenal is excited about being a strategic partner to accelerate Revolution’s growth both organically and inorganically.”
Revolution markets a wide array of plastic solutions for the agricultural sector, which it then recovers, cleans and processes into a post-consumer resin (“PCR”). The Company’s brands, which include Delta Plastics, Revolution Bag, Revolution Ag, Rodeo Plastics, and Command, are contributing towards environmentally sustainable practices and products in each of their respective markets.
Source: Arsenal Capital Partners