EcoDuro Gets VC Money
EcoDuro relocated its headquarters from
The plant has the capacity to produce more than 1.5 million pallets per year.
"The move to
"Additionally, EcoDuro benefits from
EcoDuro primarily ships within the
Ron Reed, partner at Endurance Ventures, said EcoDuro's significant growth over the past year made the company an attractive investment opportunity.
"EcoDuro's products are cost-effective and directly address emerging needs in the shipping and manufacturing marketplace that competing products cannot match," Reed said. "As shipping costs rise and global environmental concerns, from pests to pollution, continue to impact how manufacturers transport goods, EcoDuro's clean, lightweight and recyclable paper pallets will become the industry standard."
Endurance Ventures is a merchant banking and venture capital organization with nearly $60 million under management. The firm specializes in mid-market companies with revenue between $5 million and $100 million.