K-C International, the paper stock export business of Casella Waste Management was recently sold to Frank Crowley and Phil Epstein, the two former owners of the company.
The brokerage office, located in Lakewood, N.J., will continue to play an integral role in the export business, although it also is looking to become a more active participant in the domestic market.
According to a Crowley, while the sale was announced with Casella’s quarterly report, given after the close on Dec. 4, the deal was closed Oct. 1. Part of the agreement between Casella and K-C International, will allow the company to purchase tonnage from some of Casella’s recycling plants that have non-contract tons.
“We are getting more aggressive, and we are looking to do more domestic business,” Crowley said.
Previously, the company, to a degree, was hamstrung by its relationship with Casella and its recycling division. Now, K-C International will be able to go out into the market to acquire material from companies that could be direct competitors of Casella.
Along with the New Jersey headquarters, K-C is operating a satellite location in the Los Angeles area. Further, the company is also considering the possibility of taking on additional partners in the new company. (see related story).