MIT-RCF, LLC said it has completed its transition to Carbon Conversions, Inc.
On June 30, 2015, the company completed the transition in conjunction with a multimillion dollar capital investment by Toyota Tsusho America, Inc. (New York City), Advanced Technology International, an SCRA affiliate (Summerville, South Carolina) and a European Family Office affiliated with Alpheus Capital (Charlotte, North Carolina). Cary Street Partners (Greensboro, North Carolina) advised MIT-RCF throughout the process.
Following the formation of Carbon Conversions, the Board of Directors promoted MIT-RCF´s President Mark Mauhar to CEO and President of Carbon Conversions.
Carbon Conversions will continue to operate from its 100,000 square foot plant and warehouse in Lake City, South Carolina, adding a composites R&D lab on its current site to accelerate their product and process development activities. A plant capacity expansion of 35 percent is scheduled to come online during the first quarter of 2016.
Carbon Conversions recycles carbon fiber-reinforced materials and parts and incorporates reclaimed carbon fiber in advanced materials.