Luis Seco | Dreamstime.com
Sonoco Recycling, a unit of Hartsville, South Carolina-based packaging producer Sonoco, has announced its purchase of American Recycling of Western North Carolina, a privately owned paper recycler in Asheville, North Carolina.
American Recycling of Western North Carolina processes approximately 30,000 tons of recovered fiber annually. The business expects to generate approximately $9 million in sales in 2021 and it is strategically located approximately 65 miles from Sonoco’s Newport, Tennessee, uncoated recycled paperboard mill, Sonoco notes in a news release announcing the purchase.
“This acquisition provides Sonoco’s mill operations with a stable, lower cost supply of recovered fiber with the opportunity to grow volumes in the region,” says Palace Stepps, division vice president and general manager of Sonoco Recycling.
Sonoco Recycling collects approximately 2.8 million tons of old corrugated containers, mixed paper, metals and plastics through its five material recovery facilities and 20 recycling centers annually, serving more than 100 communities.
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