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Fiber World

ICE Recycling Joins The Leigh Family Of Companies

WILMINGTON, Del. — June 16, 2014 — Leigh Delaware Holdings LLC, an affiliate of Leigh Fibers Inc., has acquired Industrial Conservation Engineering 'ICE' Recycling LLC of Lake City, S.C.

Founded in 2008 by Larry T. Gay Jr., ICE Recycling reprocesses post-industrial polymers, cardboard, paper and metals for companies throughout the Southeast U.S. The company provides both on-site waste-stream management as well as off-site reprocessing services. In October 2010, to meet increasing demand for its services, ICE Recycling moved to its current location 25 miles south of Florence, S.C., effectively tripling its capacity and workforce.

Leigh Fibers Inc., is headquartered in Wellford, S.C., near the center of the Greenville/Spartanburg area. As a fourth-generation manufacturer of recycled fibers, the company is one of hte world's largest reprocessors of natural, synthetic and specialty fibers. Since 1917, it has diverted more than 14 billion pounds of post-industrial and used fiber from landfills and is currently active in 25 countries around the world.

According to Heidi Lehner, president of Delaware Holdings, ICE Recycling  will continue to be managed separately with Gay as President. Co-owner Butch Crawford will remain with the company through the transition before leaving to pursue outside interests. G2 Capital Advisors LLC, Boston, Mass., provided advisory services ot the buyer.

"Leigh's acquisition of ICE Recycling will benefit customers of both companies. While the companies will remain separate, we have broadened and deepened our resources, improving our capabilities and expertise," she added.

Posted June 17, 2014

Source: Leigh Fibers