Technipaq& DuPont & Tyvek | September 20, 2021
Technipaq Inc., a leading manufacturer of flexible sterilizable packaging solutions and Tyvek Authorized Converter, proudly announces a new partnership with DuPont Tyvek and recycling partner Freepoint Eco-Systems, designed to significantly build upon the company's ongoing sustainability and recycling efforts.
Commencing on World Cleanup Day (Sept. 18, 2021), Technipaq will be able to effectively divert its mixed material plastic waste stream, containing Tyvek® and other plastic waste, generated during healthcare packaging manufacturing at its Crystal Lake, IL facility, away from landfills and to Freepoint, where it will be recycled for use in the production of new 'virgin-quality' plastics and fuels.
"DuPont Tyvek has consistently taken a leadership role in forging interdisciplinary partnerships within the global healthcare packaging and manufacturing value chain, which is an increasingly important topic for our industry as we collectively seek to achieve more sustainable solutions and create a circular economy," said Brian Rosenburg, President and CEO, Technipaq. "We are excited and honored to play such a major role in helping make this a reality."
"This represents yet another great multi-stakeholder partnership designed to build a waste-free, 'closed loop' healthcare packaging manufacturing environment," said John Richard, Vice President, DuPont Safety.
"The healthcare industry requires a broad spectrum of plastics to manufacture packaging solutions for medical device, diagnostic and pharmaceutical products. Recyclability of healthcare packaging manufacturing waste is an increasingly important topic for the industry as it seeks to achieve sustainable solutions and a circular economy. Bringing a market leader such as Technipaq into this initiative marks a significant, positive step forward for our industry overall," added Richard.
"Freepoint intends to recycle waste plastic that is usually very challenging to recycle and is typically headed for landfill or incineration," said Kat Doerr, Vice President of Origination, Freepoint Eco-Systems. "By converting plastic waste into reusable products, less oil is required to be extracted from the ground. This results in a more sustainable economy and a healthier planet."
Freepoint aspires to divert 170 million pounds of plastic waste from landfills at each of its facilities on an annual basis—the equivalent of reducing GHG emissions from up to 55,000 cars per facility.
Tyvek is mainly made of High-Density Polyethylene (HDPE) and is certified 100% recyclable, making it compatible with existing and emerging (advanced) recycling techniques. Due to its unique combination of properties, Tyvek® allows for the facilitation of packaging solutions—such as mono-material structures—that meet the sustainable design guidelines established by industry leaders such as Healthcare Plastics Recycling Council (HPRC), CEFLEX and RecyClass.
Please visit Technipaq to learn more about the company's recent investments in new production technologies, expanded capabilities and products, and ongoing sustainability efforts through its partnership with Tyvek.
An ISO 13485 certified manufacturer with more than 175,000 square feet of manufacturing and warehouse space, Technipaq specializes in coating, laminating, printing, slitting, sheeting, die-cutting, and fabricating high-quality, flexible sterilizable packaging solutions for the medical device, diagnostic, life science, and pharmaceutical industries. An Authorized Converter of DuPont Tyvek for medical packaging, the company maintains an extensive selection of custom stock laminates, manufactured in both peel-able and fusion seal format. Technipaq also specializes in converting Tyvek, foils, films, and surgical papers into high-barrier ETO, radiation and autoclave packaging. Since the company's inception nearly four decades ago by industry pioneer Phil Rosenburg, Technipaq has remained a leading single-stop supplier of customized packaging solutions for the medical industry.
DuPont is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
ARKO Corp. | February 24, 2022
ARKO Corp. one of the largest convenience store operators and petroleum wholesalers in the United States, announced today that GPM, a subsidiary of ARKO, has entered into an agreement with Quarles Petroleum Inc. for the acquisition of certain assets, including 121 branded and 64 contracted cardlock sites, which are strategically located unmanned fuel sites located on high-traffic corridors in the mid-Atlantic region, at which customers purchase fuel with fleet cards.
Quarles is the largest fleet fueling cardlock operator on the U.S. east coast, with operations in Virginia, North Carolina, Maryland, Pennsylvania, and the District of Columbia. Quarles services a diverse base of commercial customers across multiple industries, meeting their fueling needs at easily accessible commercial sites.
“We believe that this high-volume, 24/7/365 business in prime locations cannot be replicated today, and will drive strategic growth. The acquisition of these assets complements and expands our core wholesale strategy, adding a mature fleet fueling platform and boosting our supply and distribution capabilities within our 33 states and Washington, D.C. fuel supply footprint.”
Arie Kotler, President and CEO of ARKO
This acquisition is part of ARKO’s strategic focus on growth and generating long-term shareholder value with its dual convenience and wholesale platform. At the time of signing an asset purchase agreement, using estimated forward-looking non-GAAP measures, the Company expects that this acquisition will add approximately $17.3 million of adjusted EBITDA on an annualized basis after incremental rent of approximately $7.7 million to be paid to Oak Street Real Estate Capital, LLC, the private equity real estate firm who will fund approximately $130 million of the purchase price.1 The acquisition will add approximately 200 million gallons to the approximately 2 billion gallons ARKO currently sells annually.
“Quarles has focused on building a commercial fleet fueling business with expanded site access, superior quality fuels and fleet card features that provide fleet operators with a comprehensive fueling solution,” said Paul Giambra, President and CEO of Quarles Petroleum. “Quarles and ARKO share a commitment to excellent service and providing the best possible solutions for our customers.”
The closing of the transaction is subject to fulfillment of conditions precedent and the completion of various transition planning matters. The transaction is expected to close during the second quarter of 2022. There is no certainty that the transaction will close.
About ARKO Corp.
ARKO Corp. owns 100% of GPM Investments, LLC and is one of the largest operators of convenience stores in the United States. Based in Richmond, VA, our highly recognizable family of community brands offers delicious prepared foods, beer, snacks, candy, hot and cold beverages, and multiple popular quick serve restaurant brands. Our high value fas REWARDS® loyalty program offers exclusive savings on merchandise and gas. We operate in three reportable segments: retail, which includes convenience stores selling fuel products and other merchandise to retail customers; wholesale, which supplies fuel to independent dealers and consignment agents; and GPM Petroleum, which sells and supplies fuel to our retail and wholesale sites.
U.S. Chemical | December 07, 2020
The U.S. Substance Production Regional Index (U.S. CPRI) rose 0.9 percent in October following a 0.8 percent pick up in September and a 1.0 percent expansion in August, as indicated by the American Chemistry Council (ACC). During October, substance yield extended in all districts, with the biggest additions happening in the Northeast area. The U.S. CPRI is estimated on a three-month moving normal (3MMA) premise.
In October, substance creation kept on improving in numerous sections including, chlor-salt, other inorganic synthetic compounds, natural synthetic compounds, modern gases, plastic saps, manufactured colors and shades, customer items, cements, other forte synthetic compounds and composts. Creation patterns facilitated in coatings, fabricated filaments, engineered elastic and yield assurance synthetic compounds.
As practically totally fabricated merchandise are created utilizing science in some structure, producing movement is a significant marker for compound interest. The assembling recuperation proceeded for a fourth sequential month in October, with generally speaking production line movement up by 0.8 percent (3MMA). The pattern underway rose in virtually all key science end-use ventures, with the most grounded gains found in iron and steel, aviation, foundries, tires, hardware and attire.
Contrasted and October 2019, U.S. substance creation was off 4.9 percent on a year-over-year (Y/Y) premise, the seventeenth continuous month of decreases, yet shows consistent improvement in the course of recent months. Compound creation remained lower than a year back in all locales, with the biggest year-prior decreases happening in the Northeast, Mid-Atlantic, and West Coast areas.
The science business is probably the biggest business in the United States, a $565 billion endeavor. The assembling area is the biggest purchaser of substance items, and 96 percent of fabricated products are moved by science. The U.S. CPRI was created to follow substance creation movement in seven areas of the United States. The U.S. CPRI depends on data from the Federal Reserve, and thusly, incorporates month to month corrections as distributed by the Federal Reserve. To smooth month-to-month changes, the U.S. CPRI is estimated utilizing a three-month moving normal. Hence, the perusing in October reflects creation action during August, September, and October.