Continuus Materials, the manufacturer of Everboard-brand roofing panels, which are noted as durable, weather-resistant, and energy-efficient products made from recycled materials and touted as easy to install, recently shut down its production facility without explanation.

In 2022, the company received a joint venture cash infusion by partnering with WM, formerly Waste Management, and the private equity firm Tailwater Capital. 

Production at its plant in Des Moines, Iowa, ceased on Nov. 1, displacing 32 workers, according to a state Worker Adjustment and Retraining Notification announcement. Continuus’ Iowa plant was the only known manufacturing facility for Everboard, the company’s sole product. 

Neither WM nor its joint venture partner, private equity firm Tailwater Capital, responded to emails seeking comment about the facility’s closure. Texas-based Continuus's website is still operational, but the company has not responded to emails requesting comment. 

Everboard is made from a proprietary mix of paper and plastic products, including cartons and flexible packaging. Continuus began producing the product after purchasing Iowa-based ReWall in 2018; Everboards are designed to be recycled or reused.

According to Wastedive, which first reported on the abrupt closure, when WM announced the joint venture with Tailwater to take a majority stake in Continuus, it cited reasons, including providing “financial, commercial, and operational support” to scale its production facilities. 

The venture also aimed to launch what WM described as the “first full-scale municipal solid waste-to-Everboard production plant” to produce more than 150 million square feet of the material within the first three years. 

After the joint venture was announced, Continuus hired several new executives in 2022. In June 2023, the company website listed more than 20 named employees, but today it lists just eight.