Railroad tie maker IntegriCo Composites raises portion of financing

Jan 6, 2015
Austin Business Journal

IntegriCo Composites Inc., a railroad tie maker, reported raising $1.9 million of a planned $6 million financing

The Temple-based company collected the capital from four investors, according to a Monday filing with the U.S. Securities and Exchange Commission

IntegriCo Composites, founded in 2009, develops composite railroad products made from recycled plastics. The company uses landfill-bound plastic to create products designed to outperform other materials such as wood and concrete

In late 2013, IntegriCo Composites raised $8.7 million of a planned $10 million financing from 11 investors, an SEC filing indicates

In 2012, IntegriCo Composites won a multi-year, multi-million dollar requirements contract from the U.S. Army Contracting Command, Rock Island, through a contractor award to Atlas Trading International LLC. The U.S. Army placed an initial order to meet the mission requirement of installing in track stable plastic composite railroad ties at the McAlester Army Ammunition Plant, according to a company announcement

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