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

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Recycling group releases shrink sleeve label guidelines

September 26, 2014 4:02 pm ET

A post-consumer plastics recycling trade group is out with a set of recommendations to help guide the packaging industry on the use of shrink sleeve...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

Chemical regulation policy update likely to remain in limbo

September 26, 2014 1:13 pm ET

Efforts to broker a deal on national chemical regulation policy appear to have fallen apart in the waning days of the 113th Congress, leaving...    More

Image

ATI strikes gold with bowling pinsetter production

September 26, 2014 12:30 pm ET

Heavy-duty equipment used to arrange and re-set bowling pins netted three awards for Associated Thermoforming Inc. in the parts competition at the Soc...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

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

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events