ECOR Global Inc. Secures Funding from Phalanx Impact Partners to Accelerate Capital Projects
Phalanx Impact Partners (“Phalanx”), a US-based impact driven private equity firm, today announced they have made an investment in ECOR Global Inc. (“ECOR” or “the Company”), an emerging leader in the manufacture of sustainable materials and circular solutions for the building products and packaging markets. This investment underscores Phalanx’s mission to support businesses that drive positive environmental and social impact
Headquartered in San Diego with facilities in the Netherlands and Serbia, ECOR’s proprietary technology converts agricultural waste and select by-products into sustainable building and packaging materials without the use of toxic binders, such as commonly used petroleum-based glues or urea formaldehyde. As a result, all ECOR’s products are fully recyclable, and their marquee product, ECOR-Ply, is the world’s first fully recyclable plywood that meets all building industry standard specifications. ECOR-Ply panels can be used by customers across various applications including flooring, cabinetry, furniture, general construction, retail displays, store fixtures, interior architectural elements, secondary packaging and more. To expand product availability in North America, ECOR is developing a site in the Corpus Christi, Texas region for easy access to agricultural resources and their manufacturing and distributor customers and evaluating other U.S. locations.
The Phalanx funding marks an important milestone for ECOR as the company prepares for a significant increase in production capacity and distribution of its proprietary materials solutions. With the Phalanx investment, ECOR will further accelerate the pre-construction design and commercial work related to its first U.S. facility, expand its Serbian operations, and enhance its capabilities to develop cutting-edge materials and solutions that address pressing global challenges related to resource depletion and environmental degradation.