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

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

German export sales strong, push for energy savings continues

October 24, 2014 12:34 pm ET

Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an...    More

Blow mold maker adding laser cladding

October 24, 2014 10:26 am ET

Blow molds need to be strengthened at points that wear, and an official of Canadian blow mold maker Garrtech Inc. said laser cladding can replace...    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

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 analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

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