Canadian Plastics

Royal Group to buy U.S. wood composites startup (June 01, 2006)

Royal Group Technologies Ltd. in Woodbridge, Ont., has signed a letter of intent to acquire Greenwood, S.C.-based Tech-Wood USA, a wood-plastic composites (WPC) manuf...

June 1, 2006   Canadian Plastics



Royal Group Technologies Ltd. in Woodbridge, Ont., has signed a letter of intent to acquire Greenwood, S.C.-based Tech-Wood USA, a wood-plastic composites (WPC) manufacturer.

“Tech-Wood represents an important continuation of Royal Group’s strategy to develop composite building materials and will provide Royal Group with the opportunity to further penetrate the exterior decking, railing and fencing markets,” Larry Blanford, Royal Group’s CEO said in a statement.

Tech-Wood USA will be run out of Greenwood, S.C., a location chosen due to its proximity to an abundance of raw materials and major markets, as well as its business-friendly environment, Royal Group said.

The facility will be in operation before the end of 2006, and will be in full production by the end of the first quarter of 2007.

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