USPL Drops Composite Lumber

Following its July 2004 declaration of Chapter 11 bankruptcy (see EBN

Vol. 13, No. 9), U.S. Plastic Lumber (USPL) has announced that it will discontinue its composite lumber product lines and focus exclusively on 100%-plastic products as part of its restructuring plan. The decision means that USPL will discontinue composite decking and the composite lumber used for windows, doorframes, and playground equipment “as soon as practicable,” according to a statement from the company. “We feel that USPL is in such a strong market position and must act quickly in order to take advantage of the growing demand in all-HDPE products, and that to focus on anything else would be a distraction and therefore counterproductive to our goals,” said Joseph Sarachek, USPL’s chief restructuring officer from Triax Capital Advisors. USPL is online at www.usplasticlumber.com.