Ecological Paper Recycling, which bills itself as the largest privately-held paper processing firm in South Florida, filed Chapter 11 reorganization after experiencing a big decrease in sales.
The Opa-locka-based company, also doing business as Ecological Waste Systems, rang up revenue of $7.92 million in 2014, but had just $150,000 in revenue from the beginning of 2015 to the Feb. 2 date of the filing in Bankruptcy Court. That put it on pace for about $1.8 million in revenue this year.
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