Aert Loses $5.9 Million In 2010
by March 31, 2011 7:00 pm 55 views
Advanced Environmental Recycling Technologies, the Springdale-based recycled decking company, said it reported a $5.9 million loss on sales of $69.8 million.
In 2009, AERT reported a $5 million loss on sales of $71.1 million.
AERT manufactures decking and outdoor products from recycled materials and also has a plastics recycling plant. Its decking products are sold through Lowe’s home improvement stores.
In mid-March, AERT reworked its financing with H.I.G. Capital, LLC, a longtime backer of the recycled products company.