In December, we partnered with the Rones family in recapitalizing Americo Manufacturing Company, Inc. Americo is an Acworth (Atlanta), Georgia-based designer and manufacturer of floor mats and specialty nonwoven products for the janitorial services industry. Founded in 1969 by Jim Rones and now run by his son-in-law, Lenny Shutzberg, and son, Richard Rones, the company's core nonwoven products include floor pads used by building service contractors for routine cleaning and maintenance of schools, hospitals, office buildings, grocery stores and a wide variety of other building types.
Americo is a leader in the floor pad industry and has developed an environmentally conscious product line using 100% recycled materials (specifically recycled plastic water bottles) that, due to an exclusive and proprietary process the company licenses, biodegrades almost entirely after 14 months. Additionally, Americo has demonstrated a unique capability to develop new applications for its high loft manufacturing process, internally developing products such as roof vents, linings for sand traps on golf courses, and a wetlands reclamation product known as a "floating island." Americo also manufactures floor mats and other specialty nonwoven products.