June 18, 2014
The Atlanta-based CCC, owned by private equity firm Bain Capital, acquired Envision Plastics, of Reidsville, N.C., and Ecoplast Corp., of Fontana, Calif., from their founders, Massoud Rad and Parham Yedidsion, according to a news release.
Envision produces recycled high-density polyethylene (HDPE) from its facilities in Reidsville and Chino, Calif. Ecoplast supplies recycled and custom-compounded resins.
Consolidated Container develops and makes rigid plastic packaging solutions. Envision and Ecoplast will operate as a stand-alone business led by Scott Booth and the existing management team. Booth will report to Sean Fallmann, CCC’s CEO.
“We are excited to partner with our new owners, who also share our vision of growth,” Booth said, “and are prepared to continue to invest behind the full potential of our proprietary food-grade recycled HDPE (EcoPrime) and our unique color matched recycled HDPE (Prisma) technologies as we continue to grow our business.”