5R Processors Names McFarland Executive VP

Paragon Green, a company involved in IT asset recovery and electronic scrap recycling, announced the appointment of Linda McFarland as executive VP of business development for joint venture partner 5R Processors Ltd., based in Ladysmith, Wis. She will continue to serve as CEO of Paragon Green and president and CEO of Classic Computer Recovery, Inc., both based in Garden City, Mich.

Paragon Green is a joint venture formed by McFarland, founder and owner of CCR, and Tom Drake, founder and CEO of 5R. Between CCR and 5R, the companies recycle an estimated 20 million pounds per year, and Paragon Green projects that it will collect and recycle more than 50 million pounds of materials in 2010.

"With the global economic recession, IT departments are focusing on cost reduction as a leading priority in their budget planning," McFarland said. "Reclaiming, refurbishing and remarketing IT equipment is an innovative and environmentally proactive approach for companies to offset IT budgets by converting used assets to cash."
In addition to electronic scrap, Paragon Green is a waste recycling resource for a broad range of goods including fluorescent lights, cardboard, plastic, rubber, and hazardous materials such as lead acid batteries.

Paragon Green serves medium-sized companies and large corporations. It operates four plants with nine locations in six states, totaling 300,000 square feet of space, located in Michigan, Illinois, Georgia, Wisconsin and Tennessee.