Company Profile: 101

Background

Overview

101 is a privately held company founded in 1984, headquartered in Pendleton, Indiana, United States. The company specializes in providing sustainable and effective solutions to assist food processors in managing their byproducts, aligning with the food lifecycle to offer recycling and disposal options tailored to specific needs and sustainability initiatives. Their services include recovering plastics from packaging to achieve waste reduction and promote reuse.

Mission and Vision

101 is committed to the proactive management of residuals generated from food manufacturing, aiming to help farmers provide high-quality proteins and energy for their livestock while promoting environmental sustainability.

Industry Significance

Operating within the environmental consulting and food processing industries, 101 plays a crucial role in promoting sustainability and waste reduction practices among food processors, thereby contributing to more efficient and eco-friendly food production processes.

Key Strategic Focus

Core Objectives

Assist food processors in effectively managing byproducts.

Promote sustainability through waste reduction and reuse initiatives.

Provide tailored recycling and disposal solutions aligned with the food lifecycle.

Areas of Specialization

Food processing byproduct management.

Livestock nutrition through high-quality feeds.

Plastic recovery from packaging materials.

Key Technologies Utilized

Sustainable waste management practices.

Recycling technologies for plastic recovery.

Primary Markets Targeted

Food processors seeking sustainable byproduct management solutions.

Farmers requiring high-quality livestock feeds.

Financials and Funding

Funding History

Total Funds Raised: Not publicly disclosed.

Recent Funding Round: September 7, 2022, Private Equity round.

Notable Investors: Altamont Capital Partners, Churchill Asset Management.

Intended Utilization of Capital

The capital raised is intended to support the company's expansion efforts, enhance its technological capabilities, and further develop sustainable solutions for food processors.

Pipeline Development

Specific details regarding pipeline candidates, stages of clinical trials, or product development are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

Sustainable waste management systems tailored for the food processing industry.

Plastic recovery technologies to promote recycling and reuse.

Significant Scientific Methods

Advanced recycling processes for plastic materials.

Innovative byproduct management techniques to enhance livestock nutrition.

Leadership Team

Key Executives

Rick Shipley: Chief Executive Officer.

Bradley Westerfield: Chief Financial Officer.

Jaymes Barrera: Vice President of Business Development.

Jason Manning: Vice President of Business Development.

Professional Backgrounds and Contributions

Rick Shipley: As CEO, Shipley leads the company's strategic direction and oversees operations, focusing on sustainable solutions for food processors.

Bradley Westerfield: Serving as CFO, Westerfield manages financial operations, ensuring the company's fiscal health and supporting growth initiatives.

Jaymes Barrera: As VP of Business Development, Barrera drives partnerships and business growth, expanding the company's market presence.

Jason Manning: Also serving as VP of Business Development, Manning focuses on strategic partnerships and new business opportunities to enhance the company's offerings.

Competitor Profile

Market Insights and Dynamics

The market for sustainable waste management solutions in the food processing industry is growing, driven by increasing environmental regulations and a shift towards eco-friendly practices. Companies are seeking innovative ways to manage byproducts and reduce waste, presenting opportunities for firms like 101 to offer specialized services.

Competitor Analysis

Organix Recycling: Specializes in organic waste recycling, offering services that convert waste into usable products.

Owaste: Provides waste management solutions focusing on reducing environmental impact through innovative technologies.

iSustain Recycling: Offers comprehensive recycling services with an emphasis on sustainability and resource conservation.

Strategic Collaborations and Partnerships

Specific details regarding strategic collaborations or partnerships are not publicly disclosed.

Operational Insights

101 differentiates itself through its tailored solutions for food processors, emphasizing sustainability and waste reduction. The company's focus on aligning services with the food lifecycle and promoting reuse sets it apart in the industry.

Strategic Opportunities and Future Directions

101 is well-positioned to capitalize on the growing demand for sustainable waste management solutions in the food processing industry. Future opportunities include expanding service offerings, enhancing technological capabilities, and forming strategic partnerships to broaden market reach.