The environmental division in turn is part of Lifco's Systems Solution unit. Rapid Granulator is being consolidated into Lifco's Environmental Technology division, which had sales of about SK584 million ($70.2 million) in 2013, mostly due to Eldan, also part of that division. Lifco reported Rapid Granulator's sales in 2014 were about 300 million Swedish Krona ($36 million). Reftman had been employed with Rapid Granulator from 1995 to 2004 before joining Eldan. Rapid Granulator has specialized in size reduction for in-plant plastic recycling. Eldan globally supplies recycling equipment and systems for tires, cables, refrigerators, municipal solid waste and other scrap materials, but it did not have its own granulator product line. Rapid Granulator will be headed by Toni Reftman, managing director of Eldan Recycling, a Faaborg, Denmark, subsidiary of Lifco. 18, IPEG CEO Chris Keller confirmed in a phone interview. finalized the Rapid Granulator sale to Lifco on Feb. Rapid Granulator has a new owner, Lifco AB of Enköping, Sweden.
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