US – Northstar Recycling Company has completed the acquisition of Sonoco Sustainability Solutions (S3), a division of packaging firm Sonoco.
S3 provides asset-light managed services for customized waste diversion programs, as well as centralized solutions to manage and divert industrial waste streams into beneficial reuse applications.
Northstar president Noah Goodman and CEO Seth Goodman said: “We are pleased to be joining forces with S3 to expand our combined capabilities, customer base, and subject matter expertise.
“We welcome the S3 team to Northstar and look forward to working together to continue to provide differentiated solutions to our combined customer base.
“S3’s business model is highly complementary to that of Northstar, and this acquisition enhances the combined business’ ability to serve current and future customers and vendors at scale.”
The company serves multi-facility manufacturers and distributors in various sectors, including food, consumer-packaged goods and industrial.
According to Northstar, the merger aims to increase the combined business’ ability to serve existing and future customers and vendors at scale.
Sonoco Recycling president Palace Stepps said: “S3 and Northstar have shared the same mission for many years, which is to help develop innovative and executable strategies for companies to reduce their environmental footprints and increase their sustainability efforts by turning material waste into a material resource.
“S3’s combination with a market leader like Northstar elevates and further substantiates the important work that the S3 team has been pursuing for nearly two decades on behalf of Sonoco’s clients given our mutual commitment to redefining waste streams.
“Sonoco looks forward to continuing a strategic relationship with Northstar, as we remain committed to the business’ success in partnership with the founders of Northstar and Ridgemont Equity Partners.”
A portfolio company of Ridgemont Equity Partners, Northstar is said to be an asset-light provider of sustainability-oriented managed waste and recycling solutions for food, consumer packaged goods, and other industrial clients.
The recycling solutions provider assists its customers in recycling more and disposing of waste in landfills less by diverting organic and other waste streams from landfills into a number of advantageous reuse applications. The firm will use its network of recycling outlet partners.
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