02 Nov 2011 Last updated at 08:12:40 GMT
Sonoco acquires material recovery facility American Recycling
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HARTSVILLE (Scrap Monster): Sonoco Recycling, Inc., a wholly owned subsidiary of Sonoco (NYSE: SON) and one of the largest packaging recyclers in North America, completed the acquisition of American Recycling of South Carolina's Greenville location, a large material recovery facility (MRF).
The new facility is expected to significantly increase Sonoco Recycling's ability to meet rising demand in the Upstate.
"With this acquisition, Sonoco Recycling has significantly expanded its single-stream recycling capabilities in the Upstate," said Jim Brown, vice president, Sonoco Recycling. "The Greenville MRF will help accelerate Sonoco Recycling's current goal of doubling the volume of tons collected by 2014."
The acquisition of the Greenville facility as Sonoco Recycling's fifth MRF will expand Sonoco's operations in one of the largest metro cities in South Carolina, securing its position as South Carolina's recycling industry leader. The Company already has operations in Charleston, Columbia and Spartanburg.
Currently, Sonoco Recycling's reclamation rates in South Carolina save approximately 843,000 cubic yards of landfill space, equating to enough landfill space for the annual disposal needs of over one million South Carolinians. The Company is heavily involved in numerous environmental initiatives such as the Carolina Recycling Association and the Southeastern Recycling Coalition; and participates as an environmental partner in local activities such as the S.C. Green Steps school program.
American Recycling of South Carolina is one of the largest independently owned collectors, processors and marketers of recovered paper in the Carolinas. Owned and operated by Ron Moore, an industry veteran with over 20 years of experience in every facet of the recovered material business, American Recycling maintains a family-oriented approach to business in all interactions with its associates and customers.
The new facility is expected to significantly increase Sonoco Recycling's ability to meet rising demand in the Upstate.
"With this acquisition, Sonoco Recycling has significantly expanded its single-stream recycling capabilities in the Upstate," said Jim Brown, vice president, Sonoco Recycling. "The Greenville MRF will help accelerate Sonoco Recycling's current goal of doubling the volume of tons collected by 2014."
The acquisition of the Greenville facility as Sonoco Recycling's fifth MRF will expand Sonoco's operations in one of the largest metro cities in South Carolina, securing its position as South Carolina's recycling industry leader. The Company already has operations in Charleston, Columbia and Spartanburg.
Currently, Sonoco Recycling's reclamation rates in South Carolina save approximately 843,000 cubic yards of landfill space, equating to enough landfill space for the annual disposal needs of over one million South Carolinians. The Company is heavily involved in numerous environmental initiatives such as the Carolina Recycling Association and the Southeastern Recycling Coalition; and participates as an environmental partner in local activities such as the S.C. Green Steps school program.
American Recycling of South Carolina is one of the largest independently owned collectors, processors and marketers of recovered paper in the Carolinas. Owned and operated by Ron Moore, an industry veteran with over 20 years of experience in every facet of the recovered material business, American Recycling maintains a family-oriented approach to business in all interactions with its associates and customers.
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