U.S. Plastic Lumber to Sell Environmental and Recycling Unit

January 4, 2002

1 Min Read
U.S. Plastic Lumber to Sell Environmental and Recycling Unit

Danielle Jackson

Boca Raton, Fla. -- U.S. Plastic Lumber Corp. has announced that it will sell its environmental services and recycling division, Clean Earth Inc., to New CEI Inc., an investment group, for $45 million in cash and $5 million in preferred stock in order to reduce its debt.

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