5 Things to Know About Nicos Polymers

Nicos Polymers was in the news for emerging from bankruptcy and being sold before a massive fire destroyed the Plainfield Township plastics plant Tuesday.

The plant was set to close as Coll Materials, an Ohio company in the process of buying Nicos, would move operations to . Coll will continue with that plan, according to this report.

Here are five other things to know:

1. Nicos opened its Plainfield Township plant near Nazareth in 2001; prior to that it was in the Palmer Industrial Park in Palmer Township, and before that, West Babylon, N.Y.

2. Nicos Polymers recycled mostly post-industrial materials at its 180,000-square-foot plant.

3. Nicos was the 20th-largest recycler in North America, according to Plastics News rankings.

4. The company has about 70 employees, who are scheduled to transfer to the South Whitehall facility.

5. The company filed for protection from creditors last fall when negotiations to restructure its outstanding long-term debt stalled, according to Plasticsnews.com.