Supersede, a construction materials supplier to the RV and other industries, secured a $5 million loan from Closed Loop Partners, an investment group.
The loan will finance manufacturing equipment at Supersede’s new Midwest manufacturing plant. The plant is expected to open this summer and will be the company’s second facility, in addition to its Arizona-based headquarters and plant.
Supersede’s new facility will accommodate at least eight additional production lines, beyond the two financed by Closed Loop Partners’ latest loan.
Closed Loop Partners’ Ventures group also participated in Supersede’s $10 million funding round last summer.
Last summer’s investment increased the Supersede Marine Board production. The board is a panel made from recycled industrial plastic waste. The Supersede Marine Board is a replacement for marine-grade plywood and oriented strand board (OSB). The Supersede Marine Board is 100% waterproof and fully recyclable.
Supersede co-founder and CEO Sean Patterson said he was proud to work with a trusted partner like Closed Loop Partners.
“We are at a key moment of expansion for Supersede, as the need for more stable and resilient materials grows across the industries we serve,” Patterson said. “Accessing the capital required to scale production is a key accelerant, enabling us to meet market demand.”
Tazia Smith, CEO of Closed Loop Capital Management, said expanding capacity for manufacturers such as Supersede is vital to building a circular economy.
“Products manufactured with recycled resins strengthen recycling end markets, which power more stable recycling supply chains,” Smith said. “We seek to capture that opportunity across our investment strategies.”
