Florida family office invests in resin recycling operation

Nickolas Asset Management (NAM), the family office of plastics industry veteran Nickolas L. Reinhart, has acquired a resin processing and materials facility from Material Difference Technologies (MDT), a Florida-based supplier and processor of plastic resins serving industrial and consumer manufacturing markets. The acquired operation comprises a 120,000-square-foot facility dedicated entirely to the recycling and reprocessing of post-consumer and post-industrial plastic scrap into reusable resin pellets, with the capacity to process millions of pounds annually. The facility combines resin distribution with formulating, blending, and compounding capabilities, along with technical development, quality assurance, and in-house analytical laboratory services. NAM said the acquisition advances its vertical integration strategy by bringing materials processing closer to finished product manufacturing, strengthening control over materials, quality, cost, and supply chain reliability. Jered Ingham, the second-generation owner who managed the business prior to the transaction, will remain as Operating Partner and Chief Operating Officer of the division. Following the acquisition, NAM operates eight manufacturing facilities totaling approximately 2.5 million square feet of production space across the United States.

About Nickolas Asset Management: The Florida-based Reinhart family office

Nickolas Asset Management is a Sarasota, Florida-based family office founded by Nickolas L. Reinhart, who has over two decades of experience in the plastics industry. Originally based in Findlay, Ohio, the firm relocated its headquarters to downtown Sarasota in 2021. Reinhart joined Centrex Plastics in Findlay in 2003, eventually becoming owner and president, and also founded Creative Plastic Concepts in Sycamore, Ohio. In 2018, both companies were acquired by American Plastics LLC, backed by Highview Capital and Victory Park Capital, with Reinhart named Chief Innovation Officer. That same year, Reinhart incorporated NAM and continued building Kreate, an innovative design engineering and manufacturing company he had established in 2015, which has since grown to operate over 2.1 million square feet of manufacturing and distribution space following acquisitions in Georgetown, Texas and Lima, Ohio. NAM describes itself as an evergreen, operator-led family office built on permanent capital and a long-term ownership philosophy, focused on asset- and infrastructure-heavy manufacturing in the plastics industry. The firm provides centralized shared services including HR, engineering, operations, finance, marketing, technology, and automation to its portfolio companies.

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Article Source: Citybiz, 16.02.2026