Related Party Transactions

12 Months Ended

Oct. 31, 2021

Related Party Transactions [Abstract]

Related Party Transactions

(3) Related Party Transactions

Avis owns 100% of The American Baler Company, a competitor of the Company. On January 1, 2014, Avis acquired The Harris Waste Management Group, Inc., also a competitor of the Company. On July 31, 2014 Harris acquired the assets of IPS Balers, Inc. in Baxley, Georgia, another competitor of the Company. These baler companies operate independent of each other. The Company had no purchases from these companies in the fiscal years ended October 31, 2021 and 2020. The Company had no sales to The American Baler Company in the fiscal years ended October 31, 2021 and 2020. In addition, Avis owns 100% of Peninsular Cylinder Co., Inc. (“Peninsular”), a company that manufactures cylinders. The Company purchased $215,610 and $434,894 of cylinders from Peninsular in fiscal years 2021 and 2020, respectively.