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Boston Business Journal Features BCC and SelecTech in “Cleaning up with recycled materials”

Friday, April 26, 2013

Boston Community Capital and SelecTech were featured in the Boston Business Journal article “Cleaning up with recycled materials.”  The article written by Sean McFadden describes the business of SelecTech and its road to success.  SelecTech, Inc. was founded in 1993 with the mission of creating valuable products from scrap plastics.  McFadden writes:

“At its start, SelecTech manufactured a wide array of items, including decorative planters and traffic dividers. Today, it focuses on flooring tiles. From heaps of discarded material — some 1 million pounds were used last year, including discarded carpet tiles and waste from hose and roofing manufacturers — Ricciardelli and King have used their patented injection-molding process to design varieties of interlocking floor tiles.”

“The tiles are now available in three brands: FreeStyle Flooring, for the commercial market; Place N’ Go Flooring, for the residential market; and StaticStop ESD Flooring, for electronics manufacturers and the military. In the past year, the company’s flooring products have been installed in commercial facilities for the likes of Raytheon, Tyco Electronics and the U.S. Navy.”

‘“It became a very different business, and I think that’s a critical part in the survival of the
company,” said Andrew Chen, managing director with Boston Community Venture Fund, one of SelecTech’s investors. “But the reasons why we’ve invested in it — the people, the technology, the way they think about the environment — all those things have remained intact.”’

 
Read the article here.