Wellmark, Inc.
Closely-Held Family-Owned Transaction
Wellmark, Inc.
Wellmark, Inc. is a large-scale, post-industrial, plastic-waste recycler located in Asheboro, NC. Wellmark recycles plastic scrap into pellets or flake. Purchased scrap material is ground, contaminants removed, and the resulting plastic product is reprocessed where any required additives and colorant are compounded into the material. The material is tested to determine its physical, chemical, and processing properties, and then is ready to be used in an injection molding process. The recycled plastic has properties similar to “virgin” polypropylene but its lower cost makes it very attractive for many applications. Wellmark was acquired by Technimark, Inc., an Asheboro, NC based injection molder of plastics. Mann, Armistead & Epperson, Ltd. advised Wellmark, Inc. in this transaction.
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