IntegriCo Composites Inc.
Composite railroad ties and industrial mats from recycled plastics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
$50.0m | Series G | ||
| Total Funding | 000k | ||
IntegriCo Composites Inc. manufactures composite industrial products, including railroad ties, crossings, and industrial mats, entirely from landfill-bound and hard-to-recycle plastics. Founded in 2007, the company developed patented technology that uses a low-heat process to transform mixed plastics, including types #3 through #7, into durable infrastructure products that resist moisture and insects. This process diverts significant plastic waste, with the company having processed over 80 million pounds since 2009.
The company's flagship products, IntegriTies™, are designed to last over 50 years, a substantial increase compared to traditional wooden ties, thereby reducing long-term maintenance costs for clients. The primary market for these products includes Class 1 rails, industrial companies, and the U.S. military. In 2021, the company expanded its product lines to include pipeline skids and construction matting parts, entering new high-growth markets. This strategic shift followed a recapitalization led by affiliates of Purchase Capital LLC.
Initially founded in Texas, IntegriCo relocated its headquarters and established a major manufacturing facility in Sarepta, Louisiana, in 2014, with a $20 million investment aimed at increasing production capacity. Over the years, the company has faced operational challenges, leading to several restarts and changes in management. In late 2022, a new leadership team was installed to stabilize the business and diversify its customer base. However, in late 2024, it was announced that the company's production equipment would be sold in a bank-ordered auction, indicating a cessation of operations.
Keywords: composite railroad ties, recycled plastic, plastic recycling, industrial mats, infrastructure products, landfill diversion, composite manufacturing, sustainable infrastructure, pipeline skids, circular economy, plastic waste solutions, IntegriTies, rail crossings, construction matting, environmental services, industrial recycling, cleantech, composite materials, sustainable manufacturing, rail infrastructure