Innoplast Expands
BY AsphaltPro Staff
ScaleCo Capital (ScaleCo), Cleveland, Ohio, announced its investment in Shur-Tite Products LLC (Shur-Tite) in June. Shur-Tite is the second add-on acquisition for ScaleCo’s Innoplant Holdings (Innoplast), Garfield Heights, Ohio. Innoplast, a manufacturer and distributor of pedestrian and traffic safety solutions, was founded in 2005 and acquired by ScaleCo in April 2021. This acquisition will grow the Innoplast portfolio to 80 employees.
Founded in 2000, Shur-Tite, which specializes in designing, manufacturing, and distributing highway safety, pedestrian safety, and traffic safety products, has a rich history of partnering with all constituents involved in state and municipal roadway safety. Based in Gainesville, Texas, the company offers a broad portfolio of safety solutions to customers across the United States and five countries worldwide.
“Innoplast and ScaleCo couldn’t be happier with the addition of the Shur-Tite product line and team,” CEO of Innoplast Gary Bowling stated. “This partnership diversifies our product offerings from parking lot assets to the DOT space, increasingly growing our focus and expanding our reach in the conspicuity and traffic safety sectors.”