Nationwide Recyclers acquired by private investor group

HOME ARCHIV 2003 11.08.2003 Nationwide Recyclers acquired by private investor group
 

         *******************         From article How to handle deposit system on this server: "The collection systems for beverage containers being operated by the distribution trade (e.g. in Germany and EU) are resulting in a much lower quality of post consumer PET. Glass, PET, aluminium and steel are frequently all collected together, thus calling for more intensive sorting prior to recycling"

A private investor group led by industry veteran Tom Hiles has acquired Nationwide Recyclers of Polkton, North Carolina, from Crown Holdings, Inc.

Nationwide Recyclers is a leading producer of post consumer recycled PET, primarily for bottle-to-bottle applications. Nationwide produces StarClean™ food-grade pellets and StarBright™ washed flake. Both are used extensively in materials supplied to major soft drink companies and other familiar brand-name-owners for use in new PET bottles.

"The demand for food-grade recycled PET continues to increase," said Tom Hiles, "Nationwide is poised to take full advantage of its potential as a low-cost supplier."