GP Harmon acquires plastics recycling company
GP Harmon buys plastics recycling facility, deepens non-fiber commitment
By Editorial Staff, Resource Recycling
One of the country's largest fiber brokers, GP Harmon Recycling, has acquired a plastics recycling facility in Elizabethton, Tennessee from the Highlands Group.
The acquisition represents a significant investment in GP Harmon's non-fiber operations and capabilities, fitting into what president Marc Forman called the "long-term, strategic investments" of the company.
In additional comments to Plastics Recycling Update, Forman discussed how the company's background in the paper industry will translate to the non-fiber industry: "The non-fiber business offers us an opportunity to apply some of the strong capabilities we have developed in our paper business, such as procurement and trading. These are areas we have been working on diligently over the last few years, and are key success factors in the non-fiber arena."
The Elizabethton facility processes an estimated 12 million pounds of recyclables per year. The operation is aimed at separating polymers from mixed streams of material to create raw plastics materials for commercial use. "We believe it brings a tremendous new opportunity with the potential to expand in the future," Forman said of the facility.
A subsidiary of Georgia Pacific, GP Harmon is based in Jericho, New York and employs approximately 185 people across the country. It is one of the largest buyers and sellers of fiber in the recycling industry, and in 2007, the company expanded into the non-fiber and metals sector. It currently transacts more than 100,000 tons of non-paper recyclable materials globally, according to the company website. A campaign to promote the company's expanding non-fiber operations includes the tagline, "More than paper."
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