Cascades Buys Two Recycling Firms
Sept. 22, 2009 - Cascades today announced the acquisition of the Canadian assets of Sonoco Recycling, as well as the recovery assets of Yorkshire Paper Corporation through its subsidiary Metro Waste Paper Recovery.
Both companies provide the retail sector with on-site collection services of recyclable materials, such as corrugated containers, paper and plastics, Cascades said.
“These acquisitions are in line with our strategic objective of growing our business in Canada and in the northeastern United States," said said Al Metauro, CEO of Metro Waste. "These assets perfectly complement our existing infrastructure and will allow us to better serve the diversion needs of our retail customers and to deliver our Recovery …Plus program coast to coast, incorporating quantifiable diversion methods to achieve zero-waste targets.
"In addition, the materials recovered will supply our Cascades’ mills and other North American customers,” Metauro noted.
Yorkshire Paper operates in New England and in upstate New York. It annually collects close to 24,000 tonnes of recycled fiber.
In 2008, Sonoco Recycling collected 190,000 tonnes of recycled fiber all across Canada.
When finalized, the deal will enable Metro Waste to increase its collection capacity by 20%, which represents 1.4 million tonnes per year.
“Recycled fibers represent more than two-thirds of the raw material used by Cascades. The acquisitions will therefore help to further ensure a steady supply of raw material to Cascades’ mills, while providing more room to grow in the development of environmentally sustainable products,” said Mario Plourde, president and COO of Cascades Specialty Products Group.
Cascades’ 19 recovery facilities supply more than half of the 2.2 million tons of recycled fiber used by Cascades’ manufacturing mills, the company said.