Key Investment Solutions to invest $2M to more than double BLASTICS
capacity at Georgetown facility by end of 2019
LEXINGTON, Ky.–(BUSINESS WIRE)–Key Investment Solutions announced today that it has acquired
StripMasters, a Georgetown, Ky.-based eco-friendly alternative to
chemical paint stripping for an undisclosed amount, and will invest an
additional $2M to rapidly expand capacity at its Georgetown facility in
2019.
As part of the acquisition, StripMasters will be rebranded under the new
company name BLASTICS to reflect its core business of recycled
plastic media blasting. The operational leadership and management of BLASTICS,
formerly StripMasters, will remain the same and will be closely involved
in the plans for expansion.
“StripMasters has a unique model for surface stripping that we see an
opportunity to expand and replicate at new facilities across the US,”
said Mike Tetterton, CEO of Key Investment Solutions. “Doubling capacity
at the BLASTICS Georgetown facility will allow us to meet new
demand and provide better service to our existing customers.”
BLASTICS offers an environmentally-friendly alternative
to sandblasting and chemical stripping
BLASTICS uses a proprietary paint-removal process called plastic
media blasting to gently and precisely remove paint and coating from
hard surfaces, such as aluminum parts or aluminum alloy wheels. Unlike
sandblasting or chemical stripping, BLASTICS uses recycled
plastic media to strip coated surfaces, which is
environmentally-friendly and nontoxic.
The blasting media used in BLASTICS’ chemical-free stripping
process is made from 100% recycled materials like aircraft windshield
scraps. Once the plastic granules are repeatedly used for stripping,
they turn to dust, which is then recycled again to be used in concrete
or plastic packaging. Through Key Investment Solutions’ industry
relations, more than 220,000 pounds of plastic is now being recycled
annually.
About Key Investment Solutions
Key Investment Solutions specializes in new business development,
acquisitions, seed money and infrastructure assistance for start-up
businesses, and capital and leadership for business expansion and
growth. The principals of Key Investment Solutions have made investments
in more than 25 business start-ups and acquisitions valued at over
$150M, and continue to explore ventures in any industry, seeking ways to
rapidly accelerate companies that lack the resources or leadership
needed to achieve their full potential. Where businesses see obstacles,
we see ways to help. Learn more at keyinvestusa.com.
About BLASTICS
Since 2001, BLASTICS has pioneered an environmentally-friendly,
nontoxic alternative to sandblasting and chemical stripping by using
recycled media to quickly, gently, and precisely remove paint or coating
from most surfaces. We specialize in automotive aluminum paint stripping
for businesses throughout the US from our headquarters in Georgetown,
Ky. Learn more at ecoblastics.com.
Contacts
Victoria Fields
317.869.6372
[email protected]
