
Investment firm to buy Strategic Materials
Littlejohn & Co. LLC, a private investment firm based in Greenwich, Connecticut, has signed a definitive agreement to acquire Strategic Materials Inc. (SMI) from Willis Stein & Partners of Northbrook, Illinois, and London-based Vision Capital. Financial terms of the transaction were not disclosed.
Headquartered in Houston, SMI recovers and processes postconsumer and postindustrial glass, operating 47 facilities across the U.S., Canada
“Strategic Materials is a market leader with a unique customer value proposition and several actionable growth opportunities,” says Brian Michaud, a principal at Littlejohn. “As recycled product demand and sustainable manufacturing practices have become a priority for numerous markets worldwide, we believe Strategic Materials is at the forefront to meet those product needs and services on a much larger scale.”
Denis Suggs, SMI president

Explore the December 2017 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Missouri city expands recycling capabilities with funding from The Recycling Partnership
- Port of LA reports hectic June
- Trade issues have nonferrous scrap heading into US
- Recycle BC portrays its end markets
- MP Materials to collaborate with Apple on rare earth elements recycling
- ABTC awarded $1M by DOE for Argonne Laboratory partnership
- Ocean Conservancy report claims most states lagging in plastic pollution efforts
- LRS diverts 330,000 tons of recyclable material in 2024