Consolidated Container moving deeper into recycling with acquisitions

By Jim Johnson
Senior Staff Reporter

Published: June 17, 2014 1:52 pm ET
Updated: June 17, 2014 1:56 pm ET

Image By: Ecoplast Corp. Ecoplast Corp. calls itself California's oldest thermoplastics recycler.

Related to this story

Topics Sustainability, Mergers & Acquisitions, Recycling

Consolidated Container Co. is pushing deeper into recycled plastics with the purchase of sister companies Envision Plastics Industries LLC and Ecoplast Corp.

Atlanta-based CCC, a rigid plastic packaging company already with more than 50 container manufacturing sites, adds two locations in Reidsville, N.C., and Chino, Calif., for Envision Plastics, a high density polyethylene recycler.

Ecoplast, which calls itself California’s oldest thermoplastics recycler and customer compounder, is located in Fontana. That company handles a variety of resins including polystyrene, ABS, polypropylene, and low, linear low and high density PE.

Both Ecoplast and Envision Plastics had common ownership, Massoud Rad and Parham Yedidsion, prior to their sale to CCC, which is itself owned by private equity firm Bain Capital.

In purchasing both Ecoplast and Envision Plastics, CCC gains two of the larger plastics recyclers in the country representing nearly 200 million pounds of reprocessed material annually. Envision Plastics is the larger of the companies with 145 million pounds reprocessed, according to a Plastics News ranking. That’s good for No. 14 on the annual list. Ecoplast checks in with 54 million pounds of reprocessed plastics, good for No. 54 on the annual list.

  While the companies are now under new ownership, they will operate as a stand-alone business, the new owners said. Scott Booth, who has been chief operating officer at Envision Plastics since 2008, will lead the firms along with the existing management team.

“We believe that recycling and sustainability are megatrends in the economy. We are excited to support the continued growth of Envision and Ecoplast, in building on Massoud and Parham’s legacy,” Bain Capital managing director Seth Meisel said in a statement. “We believe that recycling is both a good financial investment and an important industry for our society.”

CCC, prior to this purchase, already used recycled resins to make some of its new containers.


Comments

Consolidated Container moving deeper into recycling with acquisitions

By Jim Johnson
Senior Staff Reporter

Published: June 17, 2014 1:52 pm ET
Updated: June 17, 2014 1:56 pm ET

Post Your Comments


Back to story


More stories

Image

Prices trending up for some recycled resins

July 24, 2014 1:27 pm ET

Plastics News is correcting prices for recycled grades of several commodity resins on this week's resin pricing chart.    More

PetStar doubles capacity at Mexico recycling facility

July 24, 2014 2:10 pm ET

Mexican recycling giant PetStar SAPI de CV, owned by the System of Coca-Cola Bottlers in Mexico, has doubled the capacity of its facility to 130...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

US Bioplastics receives funding to bring Gatoresin to the market

July 24, 2014 1:44 pm ET

Materials maker U.S. Bioplastics is hoping its Gatoresin product will take a bite out of the bioplastics market, thanks to funding from a state...    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, a...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events