IntegriCo makes products for railroad infrastructure using recycled plastics.
The 10-year-old company claims its products have diverted 70 million tons of plastic from landfills.
IntegriCo will use Closed Loop Fund’s investment to expand plastic sourcing and manufacturing from a new, Louisiana-based plant.
Closed Loop Fund, a corporate-backed investment fund focused on recycling initiatives, did not disclose the amount of its investment.
The fund, which recently secured $6 million from Nestlé, is aiming to invest $100 million by 2020
