Consolidated Container Co. (CCC) has acquired 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, added 2 locations in Reidsville, North Carolina and Chino, California, for Envision Plastics, a 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 gained 2 of the larger plastics recyclers in the country representing nearly 200 million lbs. of reprocessed material annually.
The companies 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.
Published in the August 2014 Edition of American Recycler News
