AIAC’s Bright Green Plastics Acquired by a Global Sustainable Packaging Solution Provider

 The importance of plastic recycling is greater than ever as it reduces the harmful impact on the environment by lowering the need for extracting, refining, and processing raw materials. Since recycling saves energy, it also helps reduce the emission of greenhouse gases responsible for climate change. Besides, it also minimizes our need for producing and using virgin plastic.

When leaders of the industry are seen working in this direction, it sets a great example for others as well. One such instance is the recent acquisition of Bright Green Plastics that has been smartly fortified by Leonard M. Levie. 

Bright Green Plastics, the leading British reprocessing firm, has recently been acquired by the Irish multinational IPL Global from the American Industrial Acquisition Group (AIAC). This buy-out of the West Yorkshire firm is exciting endeavor as the company will enable its new owner - IPL Global - to offer a full recycling service. The plant will allow the Irish company to sort mixed plastics and 3D materials collected from curbside recycling programs by polymer type and color.

As of now, Bright Green Plastics is recorded to handle 40,000 tonnes of plastic every year and is operated with a strong workforce that consists of skilled 130 employees. The good news is that the company will not only contribute towards better environmental health but also continue to be managed under the existing management team. Meaning, the employees’ jobs are safe, which is often a big concern during an acquisition. 

Bright Green Plastics came into existence as a plastic packaging company in 1992. At that time, it was called Linpac Plastics Recycling and operated as a subsidiary of the LINPAC Group. Later, in 2019, the company was acquired by Leonard M. Levie - the founder of American Industrial Acquisition Group (AIAC) and got rebranded as Bright Green Plastics in 2020.

In June 2020, the company announced a £750,000 investment in its plastic sorting plant to upgrade its facility. Last summer, under the new leadership, the company also won Plastics Recycling Business of the Year at the letsrecycle.com Awards for Excellence. Its plant in Castleford specializes in the recycling of PP and HDPE plastics that are sourced from household waste and commercial products. 

During the acquisition, General Manager Steve Spencer who joined Bright Green Plastics in 2019, said “Anyone that comes across our business knows we are passionate about plastic recycling”. He also added that this acquisition will provide the global assistance to accelerate significant technical developments, ensuring as much recycled plastic as possible is ploughed back into the manufacturing cycle, whilst lessening reliance on virgin plastic.

On the other hand, IPL Global’s UK Managing Director, Ian Farquhar expressed his delight by sharing that it’s this passion and commitment to innovation that fascinated them to Bright Green Plastics and said that this new addition will contribute to ongoing growth and success. 

This acquisition is a stellar example of how great leaders like Leonard M. Levie see potential in small businesses and how they set to see a tremendous growth when fueled with needed funds and strategic planning.

Leonard M. Levie Not Just Acquires Businesses But Also Takes Care of Employees

 When a business doesn’t perform well or make enough profits to survive longer, it stands on the edge of falling apart. Not taking the right step before things get worse means not only leading the business to utter failure but also leaving its employees stranded in the middle of nowhere.

Most often, when an acquisition occurs, employees start immediately worrying about what will happen to their jobs. Many acquirers let go of old employees; however, with well-thought strategies, employees can be retained. One great example of humane acquisition is Leonard M. Levie. 

What makes Leonard M. Levie a better acquirer than others?

Leonard M. Levie is the famous name in the United States as an esteemed founder of the AIAC Group, American Industrial Acquisition Company, and Its Subsidiaries and Affiliates. AIAC is a privately held, global industrial group with holdings in 24 countries across North America, Europe, and Asia. He is not just a smart acquirer but also a guest lecturer and a member of a plethora of educational, management, and various different types of private clubs, associations, and societies.

Since the inception of AIAC, Leonard M. Levie is known to build an impressive portfolio that consists of 78 manufacturing and distribution sites. He focuses on acquiring underperforming and non-core manufacturing and distribution businesses from both public and private corporations. Though Mr. Levie is heavily invested in acquiring industrial manufacturing companies, he never focuses on just transforming a failing business into a profiting business. What he also focuses on is boosting the economy of the region where those businesses are located by retaining employees, improving revenue, and bolstering the operations and quality. 

We aren’t just saying this but there is also data to back this up. Let’s look at the case study of Canadian Kraft.

As soon as Leonard M. Levie heard about the announcement of Tolko Industries regarding the closure of its unprofitable paper and pulp mill - Canadian Kraft - in The Pas, Northern Manitoba, he made the move to keep the mill running and prevent the economy from crashing down. 

Soon after the announcement of shut down of Canadian Kraft, the mill’s 330 union employees were seemed to be preparing for their own unemployment during unforgiving conditions of a long, lean winter. Three hundred woodland contractors had already lost their jobs, residential real estate values dropped 25 percent in only a few months, and the 12 First Nations (indigenous people) of the area prohibited access to the fiber and locked up the forests.

Despite this severe crisis, an AIAC affiliated company purchased the mill just three weeks before the scheduled shutdown and started working to reverse the situation of the mill. 

After weeks of negotiation and constructive discussions, Leonard M. Levie was able to bring together three labor unions. He helped them understand that the mill can still flourish with their support, convinced the twelve First Nations to allow access to their lands, and got a 5-year property tax reprieve from the Town of The Pas.

After 4 months of intense hard work of employees, well-planned investments, and better management, the mill returned to full health, and by 2018, the mill’s supply items again started having huge demand as the new management interacted with each customer personally and assured them with long-term commitment. 

It is a great example of what a compassionate and intelligent person Leonard M. Levie is and how he works hard in ensuring that everybody right from the shareholders, employees, and customers benefit from their acquisition and not just them.

MADES, a Leonard Levie Owned Subsidiary, Becomes the Perfect Business Expansion Plan for Latécoère

Founded by Leonard Levie in 1996, American Industrial Acquisition Corporation “AIAC” has recently entered into definitive transaction documentation with Latécoère regarding the acquisition of Malaga Aerospace, Defense & Electronics Systems “MADES”. This is the third external growth transaction made by Latécoère - the leading partner of major international aircraft manufacturers, since the completion of the capital increase in August.

The Journey of MADES as the Key Electronic Manufacturing Services (EMS) Provider under the Leadership of Leonard Levie 

The company MADES was acquired by the founder of AIAC, Leonard Levie, in 2015 from Raytheon. This was the time when the Malaga plant was renamed to Malaga Aerospace, Defense, and Electronics Systems (MADES).

After acquisition, Leonard Levie decided to retain the strategy of the Malaga plant, its systems, human resources, and clients and provided the plant greater freedom to explore different markets and new opportunities. 

Being a subsidiary of AIAC, MADES has improved its robust systems continuously and technological development efforts. The AIAC has undertaken all the investments required for the expansion and enhancement of MADES.

At present, MADES provides excellent services for industrialization, manufacture, testing, and integration of cutting-edge electronic systems to the aerospace and defense sectors not only in Spain but internationally. Equipped with various reputable certifications, MADES is geared by the hard work of highly skilled and trained employees and passion of Leonard Levie. 

After dedicating immense efforts and providing complete support for more than half a decade, MADES has been transformed into a successfully running company and positioned at the forefront of innovation and technology.

What Makes MADES Perfect Business for Expansion for Latécoère?

With the constant deliverance of quality and higher customer satisfaction, the supplier of high-precision electronic systems - MADES is a key player in the industry with the focus on printed circuit boards (PCB) for defense, commercial aviation, and industrial-end segments. That’s what makes MADES a perfect business expansion choice for Latécoère. 

MADES will provide Latécoère with vertical integration opportunities and help them fulfill the complete product requirements of their Electrical Wiring Interconnection Systems (EWIS) clientele. Plus, it will also equip Latécoère with new solutions for future generation aircraft and help strengthen the position of Latécoère in the US Defense market segment.

Leonard Levie has always been dedicated to supporting underperforming businesses and companies that need financial backing and good leadership. He is driven by the passion of helping fledgling small and big businesses alike that struggle to move ahead and establishing those businesses as successful ones. MADES is another great example of how he improves the state of businesses at an exponential rate. 

Now, when a great opportunity for MADES to further serve the defense and aviation industry presented itself that will eventually benefit MADES and its stakeholders, he is happy to turn the next chapter of success for MADES under the stewardship of Latécoère.