Republic will provide capital as well as operational and financial expertise to support the existing management team in its pursuit of strategic growth initiatives.
"We are excited about the opportunity that we have created with the Al-jon team," stated Bill Haan, president of Republic's Private Equity Group. "The undeniable strength of Al-jon's management team, workforce, and its high quality products and service levels, combined with Republic's breadth of industry and functional expertise, make this an excellent partnership for growth and success. We are excited and optimistic for the future of this relationship."
"By combining the strengths and resources of Al-jon with those of Republic, we are able to ensure a very bright future for Al-jon, which translates into an even stronger factory-direct service for our customers," said Kendig Kneen, CEO of Al-jon, Inc. "It's a relationship that just makes sense. We are very excited about this partnership and have confidence that we are adding strength upon strength through our affiliation with Republic."
Latest from Recycling Today
- Cards Recycling, Live Oak Environmental merge to form Ecowaste
- Indiana awards $500K in recycling grants
- Atlantic Alumina partners with US government on alumina, gallium production
- GP Recycling president retires
- Novelis Latchford commissions new bag houses
- UK facility focuses on magnet recycling
- Aduro revenue increases while losses widen
- Worldsteel updates its indirect steel data
