The assets IP acquired include a 55,000-square-foot recycling facility located on 7 acres, processing and transportation equipment.
IP, which already has a facility in Omaha, will relocate its business to the former OPS facility. The company says it expects the relocation to be completed by the end of August 2014. In the interim, IP is having the tons previously handled by OPS redirected to its existing facility for processing and marketing.
“The combination of our assets with the assets of Omaha Paper Stock will allow us to continue to build on our strategy of providing recovered fiber to our internal mill system and provide the best service to our customers in the Omaha, Nebraska, area,” says Bill Gardner, general manager of IP’s recycling business.
IP says it recovers, processes or facilitates the sale of more than 6 million tons of recovered fiber in the U.S. each year. The company’s recycling business consists of 20 recycling plants and two customer service centers in North America.
OPS also owns and operates Shred Safe, an information destruction firm in Omaha.