Scranton, Iowa-based New Way has transferred ownership of its K-PAC Compactors business to Plum Creem Environmental. The company says the decision to divest was made to focus manufacturing operations on refuse collection vehicles and align with increasing demand.
Based in West Point, Mississippi, Plum Creek Environmental is a manufacturer of waste and recycling containers and equipment. The K-PAC Compactors brand will be added as a premium product line to the company’s compactor division.
“The sale of K-PAC aligns with our commitment to optimize our core business and allocate resources more effectively toward our growth strategy with refuse collection vehicles,” New Way Chief Sales Officer Don Ross says. “Plum Creek Environmental is a top notch, reputable company and K-PAC Compactors will be a good fit with their other premium product lines.”
Along with allowing New Way to dedicate efforts to streamlining and expanding production of refuse trucks at its facilities in Scranton and Booneville, Mississippi, the company says the divestment of K-PAC to Plum Creek, an expert in waste containers and compactors, will allow the two companies to continue to partner to offer a complete waste solutions package.
“We are excited to partner with New Way and carry on the outstanding reputation of K-PAC Compactors,” Plum Creek partner Andrew Wamble says. “The acquisition of K-PAC is indicative of our commitment to expanding our PLUM-PAK line of waste compactors. This acquisition expands our comprehensive lineup of highly engineered compaction equipment to our valued customers.”
