Platinum Equity has acquired Tangent Technologies, a manufacturer of weatherproof lumber made from recycled plastic rather than wood, from The Sterling Group, which more than tripled the business during roughly eight years of ownership.
Tangent Technologies makes synthetic lumber by melting down recycled plastic and extruding it into boards, posts, and profiles that look and function like wood but resist rot, moisture, and insects and require little maintenance.
The company uses high-d...
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