Deal expands Sonoco’s export trading capability.
Sonoco Recycling LLC, a subsidiary of Sonoco Products Co., Hartsville, S.C., has completed the acquisition of Reparco USA Inc., a Pasadena, Calif.-based export trading company specializing in logistics and the sale of recovered paper into overseas markets.
According to Ray Howard, general manager of Sonoco Recycling, the acquisition of Reparco USA complements Sonoco’s global recycling and trade activities. “With more than 3.5 million tons of annual recovered paper collections, 40 recycling facilities and 22 paper mills worldwide, gaining this export capability is an important part of our growth strategy,” Howard says.
Sonoco places fourth on the list of largest paper recyclers in the United States as published by Recycling Today in April 2013.
“Reparco USA has been in existence since 2006, and they have an excellent management team, strong logistics and sales expertise and a respected reputation within the recycling industry,” says Howard.
Reparco USA’s office in Pasadena provides customer sales and logistics support for recovered paper tonnage sourced in North America. Additionally, the company has sales offices in Northern and Southern China as well as in Seoul, South Korea. The company originated as the fiber supply arm for Norske Skog’s paper mills in Asia.
Bob Tucker, director of Reparco USA, says, “We look forward to deepening our relationships with existing trade partners and developing new sourcing and sales opportunities where strategically beneficial. Our mission remains to provide solutions and value to communities and business partners by presenting better uses of valuable raw materials.”