Superior Fine Grind receives multimillion-dollar loan for MRF upgrades

Superior Fine Grind (SFG), an independent material recovery facility (MRF) based in Connellsville, Pennsylvania, has received a multimillion-dollar loan deployed by Closed Loop Partners’ Catalytic Capital & Private Credit group. 

The loan will support SFG’s plans to expand recycling services to municipalities and commercial businesses in surrounding rural communities. Closed Loop Partners says proceeds of the loan have been used to finance new equipment and upgrades at SFG’s MRF, allowing it to process and sort the increasing amount of postconsumer and postindustrial materials it receives. 

With the installation of new equipment now complete, Closed Loop Partners says SFG is positioned to meet the growing demand for recycling services in the communities it serves. 

SFG processes residential curbside and drop-off recyclables from several communities in Pennsylvania and West Virginia. 

RELATED: Eureka Recycling receives more than $10M for MRF upgrades 

“Interest in recycling is quickly growing within our surrounding community, and we at SFG are dedicated to meeting that demand, supporting job development and expanding capacity to process the growing volumes of recycled materials at our facility,” SFG Founder and Owner Shawn Pilla says. “Recycling is a profitable, job-creating U.S. industry and the financing and support from Closed Loop Partners and its extensive network of partners plays a key role in helping us meet our expansion goals.” 

Closed Loop Partners says the U.S. recycling industry generates more than $5 billion in revenue annually and supports more than 600,000 jobs nationwide. As more cities work to meet zero waste goals, global companies need more recycled material for their production processes to meet sustainability goals. 

“We are proud to back an independent recycling company that has maintained a strong reputation in the industry for many years,” says Ray Hugel, director of Closed Loop Catalytic Capital & Private Credit. “Our catalytic loan to SFG creates opportunities to not only support vertically integrated companies, which can create greater efficiencies in our recycling system, but also to expand sortation capacity to advance recycling services in rural communities in the U.S. We look forward to supporting more companies like SFG that are scaling recycling systems for all U.S. communities.” 

Closed Loop Partners says it will continue to invest capital into circular economy infrastructure and in solutions that keep a range of valuable materials––ranging from plastics, packaging and more––in circulation. 

To learn more about Closed Loop Infrastructure Group or to apply for funding, visit its website.