Scope Industries Stock

Scope Industries offers waste material recycling services in the United States.

Segments

The company and its subsidiaries have organized its business into two business segments, Waste Material Recycling and Vocational Beauty Schools.

Segments

Waste Material Recycling

In this business segment, the company operates plants for the collection and processing of bakery waste materials into a food supplement for animals. The company operates 13 manufacturing facilities throughout the United States under the names of Dext Company, International Processing Corporation (IPC); Recycle to Conserve and ReConserve in which animal food supplement is produced. Principal customers are dairies, feed lots, pet food manufacturers and poultry farms.

The company also owns and operates a plant in Vernon, California under the name Topnotch Foods, where bakery waste material is processed and converted into edible breadcrumbs for human consumption. The principal customers are pre-packaged and restaurant supply food processors. The waste material-recycling segment is dependent upon the company's ability to secure surplus and waste material, which it does under long-term contracts with bakeries and snack food manufacturers.

Vocational School Group

Scope Beauty Enterprises, Inc., doing business as Marinello Schools of Beauty, is comprised of 13 vocational beauty schools where cosmetology and manicuring are taught. The schools are located in southern California and Nevada. At its vocational beauty schools, the company enrolls students who pay tuition to learn to become cosmetologist or manicurist. Vocational programs and Federal grants are also utilized for the students' tuition. In addition, members of the public patronize the schools for hair styling and other cosmetological services that are performed by students.

Other Business

The company owns various oil and gas royalty and working interests. It also owns and manages various marketable and non-marketable securities, U.S. Treasury Bills and other short-term investments.

History

Scope Industries was incorporated in the State of California in 1938.