Atkore – Atkore Inc. Announces Divestiture of Northwest Polymers Recycling Business
HARVEY, Ill.–(BUSINESS WIRE)– Atkore Inc. (the “Company”) (NYSE: ATKR), a leading manufacturer of electrical products for commercial, industrial, data center, telecommunications, and solar applications, today announced the sale of Northwest Polymers, a post-industrial and post-commercial plastic recycler based in Molalla and Aurora, Oregon.
Bill Waltz, Atkore President and CEO, noted, “Atkore continually reviews the strategic direction of all aspects of our business, including potential acquisitions and divestitures. The sale of Northwest Polymers aligns with our disciplined approach to capital allocation and our commitment to drive value creation for our shareholders.”
In 2022, the Company acquired two separate but related Oregon-based companies doing business as Northwest Polymers and Cascade Poly Pipe & Conduit, a manufacturer specializing in smooth wall HDPE conduit. The sale of Northwest Polymers does not impact Atkore’s continued operations for the HDPE product, which primarily serves telecommunications, utility and datacom markets.
SourceAtkore
EMR Analysis
More information on Atkore: See the full profile on EMR Executive Services
More information on Bill Waltz (President and Chief Executive Officer, Atkore + Representative of non-voting Member, and Board Member, NAED): See the full profile on EMR Executive Services
More information on John Deitzer (Vice President, Chief Financial Officer, Atkore): See the full profile on EMR Executive Services
More information on Cascade Poly Pipe & Conduit by Atkore: https://www.cascadepoly.com/ + High-quality poly pipe and conduit using custom recycled resin. Many telephone and internet providers are trying to increase their broadband access and capacity but get stalled because sourcing HDPE conduit is challenging. We’re a local manufacture providing HDPE conduit quickly so you can stay on schedule and expand with ease.
More information on Northwest Polymers: https://www.atkore.com/about-us/brands/northwest-polymers + Atkore’s Northwest Polymers is an industry leader in post-industrial and post-commercial plastic recycling. We have broad plastic recovery capabilities combined with an extensive expertise of the secondary plastics marketplace.
This combination of capabilities, experience, and knowledge allows us to offer unique and comprehensive solutions for the designing, building, and managing of systems that transform industrial and commercial plastic waste into a sustainable, reusable, raw material.
EMR Additional Notes:
- Polyethylene (PE) & High-Density Polyethylene (HDPE):
- Polypropylene (PP) is a thermoplastic “addition polymer” made from the combination of propylene monomers. It is used in a variety of applications to include packaging for consumer products, plastic parts for various industries including the automotive industry, special devices like living hinges, and textiles
- Petroleum-based thermoplastic polymer considered one of the most versatile plastic materials available today. It is used to manufacture numerous items, including food and beverage containers, cleaning product bottles, pipes, cutting boards, and some shoe parts.
- HDPE plastic is hard-wearing and does not break down under exposure to sunlight. It can withstand more extreme temperatures than PET, both hot and cold. HDPE can be reused and recycled.