By Daniel Webster, dWeb.News Publisher
HOUSTON–(BUSINESS WIRE)–Circulus Holdings, PBLLC (Circulus), a Houston-based public benefit limited liability company (PBLLC) producing PCR from recycled low-density polyethylene (LDPE) announced that Craig Foster has been appointed CEO. David Hudson, the founder CEO of Circulus, will remain with Circulus, serving as Chief Strategy Officer, focusing on commercial growth, innovation and business development.
Foster brings significant executive leadership and operational experience to Circulus as the company implements an aggressive expansion program. Foster served as an Executive Officer and Senior vice president of CSW Industrials specialty products business. Prior to joining CSW Industrials, Foster was President of Whitmore Manufacturing Company.
Troy Thacker is a Managing Partner of Ara Partners, which specializes in industrial decarbonization investments and is Circulus’ financial sponsor. He said, “Having Craig as CEO will strengthen Circulus as the company executes its ambitious growth goals.” Craig has a track record of leading innovation-driven growth organizations and delivering top-tier operating results.
I am thrilled to be joining Circulus at this stage in the company’s evolution. David’s extensive knowledge in the plastics industry combined with his strong technical innovation have created an organization that has tremendous growth potential in a market that is only going to grow. Foster stated that he looks forward to working with David, our entire team, and building on our strong foundation.
Circulus, an emerging leader in plastics recycling is building a large footprint of plants that use advanced technologies and a multi-step mechanical process to convert lower quality plastic into resin suitable both for commercial and industrial uses. Circulus’ products address sustainability issues with flexible plastics. They also revolutionize the use PCR for plastic bags and shrink film.
Circulus Holdings, PBLLC is focused on the conversion of plastic waste into post-consumer resins (PCR) utilizing world-class mechanical recycling solutions. Circulus is committed to the circular economy, recycling plastics to their maximum and best use, while reducing waste. The company is headquartered in Houston, Texas and currently has facilities in development across the U.S. For more information on Circulus, please visit www.circulus.com.
About Ara Partners
Ara Partners is a private equity firm specializing in industrial decarbonization investments. Ara Partners invests across the manufacturing, chemical & material, energy efficiency & sustainable fuels, food & agriculture, and industrial & manufacturing sectors. They seek to create businesses that focus on sustainability and ESG principles. For more information on Ara Partners, please visit www.arapartners.com.
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