Canusa, Hershman Complete Merger

Two paper stock operations complete merger deal.

Canusa Corp. and Hershman Capital Corp. have completed the previously announced merger of the Fiber Group of Canusa and Hershman Recycling Inc. The new company will be called Canusa Hershman Recycling Co. Management, co-headquartered in Branford, Ct., and Baltimore, Md., will include Ethan Hershman, who will be co-chairman and CEO; Bruce Fleming, co-chairman; Jonathan Sloan, president; and Todd Laggis, CFO.

The newly merged company currently processes and brokers more than 30,000 tons per month of fiber and 1,000 tons per month of plastics.

Canusa’s Fiber Group operates in Baltimore, Boston, Buffalo, Montreal, and St. Albans, Vt. Additionally, Canusa operates two paper stock plants, in Baltimore and St. Albans.

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