Pure Earth, Inc.
announced that it has completed the acquisition of Nycon, Inc. and changed its
name to New Nycon, Inc. Terms of the transaction were not disclosed.
Nycon has been widely known for over 25 years to be one of the highest
quality providers of fiber products and related services to the concrete
industry. New Nycon, Inc. has simultaneously introduced a new product line
called Nycon-G, an eco-friendly reinforcing fiber manufactured from waste
carpet developed under a patented process.
Available in both nylon and polypropylene blends, Nycon-G fibers
represent a break-through in green building technology. They are the only
fibers on the market today that have no net negative impact on the
environment. Nycon-G fibers increase the value of fiber-reinforced concrete
in "green" building because they:
- Are manufactured sustainably through a patented process from recycled carpet.
- Extend the useful life of post-consumer carpet instead of increasing landfill
burden.
- Utilize a readily available waste that saves water and reduces emissions.
- Reduce our reliance on natural resources.
- Are more cost-effective than traditional synthetic reinforcing fibers.
- Provide the same or better performance qualities.
- Enhance project eligibility for USGBC's LEED certification.
- Offer tax advantages to project owners.
Bob Cruso, President of New Nycon said, "The combination with Pure
Earth enables New Nycon, Inc. to immediately begin the expansion of our
facilities in order to handle the expected significant increases in order
flow." Cruso continued, "Our Nycon-G product is the only concrete
reinforcing fiber on the market that has no negative impact on the
environment, as well as providing many significant advantages over the
competition."
Mark Alsentzer, CEO of Pure Earth, Inc. stated, "The acquisition of
Nycon, Inc. with its excellent name and management coupled with the new
patented process to manufacture Nycon-G should enable the company to add
substantial revenues and earnings over the next few years. The initial
response to the acquisition and Nycon-G from our customers has exceeded our
expectations. In addition, this transaction adds to Pure Earth's continuing
efforts to manage a variety of waste streams into eco-friendly products."
The management and present organization of New Nycon, Inc. remain the
same, with Bob Cruso as president. The company continues as one of the
concrete industry's leading providers of reinforcing fibers and
accessories. Nycon-G is now the signature fiber offering of New Nycon's
comprehensive line of nylon, polypropylene, AR glass, steel, micro, macro,
PVA and blended fibers. New Nycon's fibers reduce the need for wire mesh
and prolong the service life of all cement-based products for ready-mix,
precast, shotcrete, stucco, architectural, and decorative concrete
applications.
Pure Earth, Inc. is among a handful of companies devoting extensive
research to green-building techniques. The acquisition of New Nycon, Inc.
is the latest in Pure Earth's strategic moves to broaden its geographic
coverage and expand its service lines. The acquisition marries the
strengths of Pure Earth's advanced environmental methodologies with New
Nycon's superior fiber reinforcing solutions.
Posted 7th May 2008
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