Announcement - December 9th, 2016
I am pleased to announce that Blue Wolf Capital Partners LLC, a New York-based private equity firm, has made a majority investment in Extreme Plastics Plus.
EPP HAS EXITED BANKRUPTCY WITH A DEBT-FREE BALANCE SHEET
Blue Wolf’s investment was made with 100% equity and has allowed EPP to exit bankruptcy with a debt-free balance sheet. We believe that this investment is a very important milestone for our company and will give us the stability and flexibility to continue providing first-class service to our customers for many years to come.
OUR MANAGEMENT TEAM WILL REMAIN IN PLACE AND IS EXCITED TO PARTNER WITH BLUE WOLF
EPP’s management team, including myself and Wade Holt, will continue to lead the company under Blue Wolf’s ownership. Blue Wolf and its partner, K2 Energy Capital, LLC, will bring strategic resources that will open up new growth opportunities for EPP and will position us for long-term success. Blue Wolf, K2 and our management team are aligned in our vision for EPP. We are gratified by the confidence that our new partners have shown in us.
TO OUR CUSTOMERS, VENDORS AND EMPLOYEES – THANK YOU!
On behalf of the entire EPP management team, I would like to give special thanks to all of our customers, vendors and employees, who have stood by us during this bankruptcy process. The last eleven months have been challenging, but thanks to your support we’ve come out of bankruptcy in a very strong position. As we enter 2017 with restored financial health, we look forward to maintaining our leadership role in the environmental containment industry, and we remain committed to providing the excellent service and creative solutions that you have all come to expect from EPP.
Founder and President