Cellect Plastics LLC has changed its name to Cellect Technologies LLC and has licensed its I-Cell EVA and polyethylene roll business to XL Foam LLC, a private investor group.

Cape Cod-based Cellect Technologies now will concentrate solely on low-carbon-impact specialty foams, including Opflex-brand materials for oil spill cleanup and Microflex LCI for yoga mats and other consumer applications.

Scott Smith, president and owner of Cellect, said in a news release that the deal strengthens his firm’s capital position. He added that the company plans to establish a new headquarters in Florida, Alabama or Massachusetts.

Source: plasticsnews.com