NAZARETH, Pa. -- Brian Coll, president and CEO of Coll Materials in Zanesville, has taken over the chief role at Nicos Polymers. Coll has been appointed president and CEO of Nicos Polymers. He will run both companies as Coll's acquisition of Nicos is pending.Nicos Polymers is based in Nazareth, Pa. Nicos recycles primarily post industrial grades of plastic. With 180,000 square feet of manufacturing space, Nicos recycled approximately 72 million pounds of plastic last year, according to Plastics News.Coll Materials is an Ohio based post industrial and post consumer plastic recycling company. The company began its operations in 2008. Coll's 150,000 square foot facility on a 22-acre campus focuses primarily on post consumer recycling. This year, the Ohio facility is capable of reprocessing 100 million pounds of plastic.For information on buying or selling plastic, visit www.collmateirals.com or call (740) 452-5691.
I would avoid Coll Materials at all cost. They do not pay their invoices on time and we believe they are running out of money. Their number of days to pay has jumped dramatically in the past two months. A clear indication they have cash flow problems. If you are in the trucking or logistics business, stay very clear of this company.