This was News on Atlantic-Pacific, LLC in January 2014 prior to the acquisition
Atlantic Pacific LLC to Re-Launch Its Midwest Operation
Atlantic Pacific, LLC has begun to move the equipment necessary for a full re-launch of its Midwest operations with a primary focus on the Chicagoland area. The company's parent, ID Global Corp. has announced that with the recent round of funding for Atlantic Pacific, LLC (AP), the waste oil collector plans to start with three trucks and a max capacity of 8500 gallons per day.
Sebastien DuFort, president and CEO stated "Things are moving along with AP and we see a great opportunity to re-kindle some old accounts that have already accepted our new pricing structure and get started right away. The Chicagoland area is low hanging fruit for us as IDGC has a physical presence here and can oversee the re-launch."
Atlantic Pacific currently operates in five regions in the continental U.S. The company's management and staff have over 28 years of experience in the waste oil industry. The company is currently operating with a supply contract to the largest used oil re-refiner in volume for 2011-2012. The current renewable contract is for another two and a half years. The company, since its inception, has consistently been the re-refiner's largest supplier of used lube oil feedstock. The Company anticipates sales to the re-refining market which includes Omega Refining and Safety-Kleen, Inc. as well as to the burner fuel market.
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, controlling interests in established companies as well as special situation start-ups.
I'm here for my money
