Page 27 - Plastics News May 2020

Plastic Services and Products to Acquire Bizongo delivers PPE to hospitals, NGOs, and
Former Genova Assets essential services

lastic Services and Products, headquartered in Salt ndian B2B packaging company Bizongo has delivered
PLake City, Utah is to acquire former Genova Assets Imore than 100,000 personal protective equipment
located at 5400 Commerce Drive at Paducah economic (PPE) kits since it's first shipment at the end of March.
zone Plastic Services and Products, LLC will re- The PPE kits, intended to safeguard employee health,
establish production in the former Genova Products has been sent across various hospitals, non-
building in Paducah, KY. The building in which Plastic governmental organisations (NGO) and private
Services and Products will be operating is jointly owned essential service providers. Bizongo COO Sachin
by the City of Paducah and McCracken County. “We Agarwal said: “In continuation of its 'Fight Against
have been diligently working alongside Plastic Services Covid-19' campaign, Bizongo has so-far delivered more
and Products since December while they acquired the than 2 lakh (100,000) PPE kits across 5,500 localities,
Genova assets. We are thrilled for what this servicing 127 organisations in 57 urban and rural
acquisition means to our community and the centres across the country. “Bizongo set up a
employees who were displaced last fall.” stated Bruce dedicated taskforce to work round the clock through
Wilcox, President of Greater Paducah Economic an online control room to map demand and supply of
Development. Dave Carroll, General Manager of PPE kits and other essentials using its proprietary
Paducah Power System said “And, as an advanced digital supply-chain services. I am happy the team also
industrial manufacturer, Plastic Services and Products managed to overcome some of the logistic challenges
will be a large consumer of electricity. Being a to ensure a smooth service.” Bizongo is an innovative
community owned utility, these jobs are very online B2B marketplace catering to the diverse
important to us. We are glad to participate with our packaging and material handling industries. It makes
partners by providing Plastic Services and Products our packaging sourcing, distribution, inventory
Economic Development Rate.” Plastic Services and management, and design hassle-free for enterprises.
Products will begin recruiting employees in the coming The company's automated supply chain platform
weeks with the anticipation of immediately hiring 80 ensures availability of packaging for business with
employees to re-establish production and then hire up lower inventory. The Company had recently raised
to 125 employees in the coming months. Plastic $30 million in fresh funding in January as it looks to
widen its footprint in the nation and expand to more
Services and Products is a leading manufacturer of
categories. Mumbai-based Bizongo has raised about
plastic pipe, fittings, and vinyl fencing with its
$56 million to date. It was valued at about $96 million
presence in location in Centralia, Washington, serving
in its Series B financing round in 2018, according to an
wholesale and retail customers throughout the United
analysis of its regulatory filings. The five-year-old
States and Canada. The proximity of Paducah's location
startup serves as a marketplace for businesses to
provides a competitive logistical advantage establish a
identify, buy and sell material packing solutions across
presence in the mid-west.
industries. It also offers in-house packing design,
development and procurement solutions.

MAY 2020 27 Plastics News