Vangel Paper sells shredding division

Baltimore-based recycling firm Vangel Paper has sold its document destruction business to Canada-based Stericycle Shred-It. Vangel, which has been in business for about 30 years, says the move will allow it to focus on what it calls its core business of recycling high grades of paper, plus bottles and containers.

Valerie Androutsopoulos, a principal of Vangel, says selling the shredding business will allow it to expend more energy strengthening the remaining aspects of its business.

She adds that while many recyclers have struggled to sell their scrap paper in 2018 (close to 60 percent of the recovered fiber Vangel Paper handles consists of clean high grades), the company has had very little problem moving its material. Androutsopoulos also says Vangel has avoided shipping fiber to China, thus avoiding problems other recyclers have had with markets in 2018.