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Ecoark Holdings, Inc. Announces Acquisition of Sable Polymer Solutions
Ecoark Holdings, Inc. Announces Acquisition of Sable Polymer Solutions.
About this update from Riskon International, Inc.
[{"type":"text","content":"\nEcoark Holdings, Inc. Announces Acquisition of Sable Polymer Solutions\n\nEcoark Holdings, Inc. Announces Acquisition of Sable Polymer Solutions\n\n\nCompany Becomes Fully Integrated Supplier of Reclaimed Plastic Materials by Combining Its Wholly-Owned Subsidiary, Pioneer Products LLC, With Newly Acquired Sable Polymer Solutions \n\n\n ROGERS, AR--(Marketwired - May 10, 2016) - Ecoark Holdings, Inc. (OTCQB: EARK), a provider of a growing suite of proprietary technologies and services that drive sustainability and facilitate sustainable growth for a wide range of clients, today announced the acquisition of Sable Polymer Solutions (Sable), a company with expertise in the recycling and reclamation of resin materials. The newly acquired company will be rolled-up under Ecoark's wholly-owned subsidiary, Pioneer Products LLC (Pioneer Products), creating a vertically integrated supplier of recyclable products. The acquisition was completed in exchange for Ecoark Holdings, Inc. common stock.\"The addition of Sable Polymer Solutions represents yet another important achievement for Ecoark Holdings, Inc. as we continue to strengthen our technologies within the recycled products industry through strategic acquisition,\" said Randy May, CEO, Ecoark Holdings, Inc. \"This acquisition opens the door for new and exciting partnerships with large retailers both within our region and also nationwide. This acquisition further strengthens our position within the market and brings long term value to our shareholders.\" The acquisition of Sable strengthens the service offerings of Ecoark Holdings, Inc. and Pioneer Products as they continue to seek additional market share within a booming industry. Each year, $11.5B worth of recyclable products are thrown into landfills, 70% of which is recoverable plastic materials that are worth more than $8B. Sable takes recyclable materials and formulates them into resin feedstock for industrial and consumer products. By acquiring Sable, Pioneer Products is now a fully integrated end-to-end solution for the entire lifecycle of the product, from reclamation to development to sale. \"The acquisition of Sable creates a powerful vertically integrated solution for recycling technologies available to the market,\" said Roshan Weerasinghe, President, Pioneer Products.\n About Ecoark Holdings Inc.\n Based in Rogers, AR, an...