Ekman & Co., a trading operation for the forest products industry, has signed an agreement to acquire KC International. The deal is effective March 31.
KC International is a U.S.-based paper stock brokerage office. The company, headquartered in New Jersey, has offices in Los Angeles and Shanghai, China.
The company, which was recently spun off from Casella Waste Management, is managed by Frank Crowley, Phil Epstein, Randy Kim and B.J. Dowlen.
“This blending of expertise and resources will significantly advance the companies’ ability to offer a broad range of service to suppliers and customers,” said Jan Svensson, president and CEO of Ekman & Co.
Frank Crowley, president of the new venture, adds that “with Ekman’s global presence, financial backing and business synergies the KCI operation will show significant growth over the next three years.”
Ekman has three regional hubs. They are located in Sweden, the United States, and Hong Kong.
Latest from Recycling Today
- Ocean freight interruptions poised to continue
- Danieli to supply shredder to Australian company
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
