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<br /> <br /> <br /> <br />CORPORATE PROFILE <br /> <br /> <br />Otto Environmental Systems <br />12700 General Drive, Charlotte, North Carolina 28273 <br /> <br />Company History <br />With a legacy spanning over 85 years, Otto’s original company was founded in Kreutzal, Germany, in <br />1934. The company entered the waste management industry in 1950. With the introduction of injection <br />molded containers in 1965, Otto pioneered the two-wheeled trash cart in use today. The largest brand <br />of plastic waste containers in the world, Otto has more than 160 million carts servicing communities <br />around the globe. <br /> <br />Diversified Portfolio <br />Not only does Otto manufacture a wide range of waste container products, Otto also owns a waste <br />container service group along with a custom and contract molding group. Some of the principal activities <br />of these divisions are: <br /> <br />Waste Container Products: Municipalities and Private Haulers <br />Offering waste containers for various types of waste streams in both the residential and <br />commercial categories. These include but are not limited to general waste, recycling, yard <br />waste, organic waste, and e-waste. <br /> <br />Container Management Services <br />Providing services such as assembly, distribution and recovery (A&D), logistics, cart repair, <br />inventory management, warranty management, and cart re-branding for deployed waste <br />containers. <br /> <br />Waste Container Products: Retail Sector <br />Offering waste container options to retailers that allow consumers to purchase containers for <br />needs beyond their weekly collection service or for those whose collection service requires <br />containers to be purchased by the individual. <br /> <br />Operations Overview <br />Otto Environmental Systems North America, Inc. (OESNA) is a wholly owned subsidiary of Duramax <br />Holdings, LLC. After entering the United States market in 1983, the company rapidly gained market <br />share by importing containers from its European factories. In 1988, Otto invested $40 million toward <br />its first domestic manufacturing facility located on a 16-acre tract of land in Charlotte, North Carolina. <br />Due to the company’s consistent growth, Otto has expanded this facility to accommodate additional <br />machinery, assembly and staging areas, and storage space. The North Carolina facility now houses <br />177,000 square feet of indoor space, including Otto’s North American corporate offices. It is also <br />equipped with an impressive array of modern injection molding equipment. <br /> <br />In 2002, Otto opened its second North American facility in Eloy, Arizona. The Eloy facility contains <br />27,300 square feet of manufacturing space, 400,000 square feet of inventory space, and 4,700 square <br />feet of administrative office space. The plant features several large injection molding machines and <br />various types of manufacturing equipment, which have significantly increased production capacity.