CPRA sold to Port Hope recycler
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The Canadian Polystyrene Recycling Association (CPRA), a Mississauga, Ont.-based polystyrene recycler that shut its...
The Canadian Polystyrene Recycling Association (CPRA), a Mississauga, Ont.-based polystyrene recycler that shut its doors late last year, has been purchased by Polyframe Moulding Inc. of Port Hope, Ont.
According to a local news report, CPRA was purchased on March 3 for an undisclosed amount by Polyframe, a company that reclaims polystyrene to create picture frames.
The CPRA will be renamed to the Canadian Polystyrene Recycling Alliance, and Polyframe’s owner noted that it was not certain if the company will keep the Mississauga recycling facility.
The CPRA suspended operations in December, and indicated that it was looking for a more competitive business model. It noted that their business had been particularly affected by the high Canadian dollar, because plastic recycling trades in U.S. dollars.
“Even though we had made a significant investment, we couldn’t hold on until Toronto’s volumes kicked in,” said CPRA chair Roman Talkowski at the time. “We became a victim of timing. We simply cannot continue to sustain the operation.”