Investment firm to purchase WM's glass recycling division.(WHI Capital Partners, Waste Management Inc.)
Waste News, October, 2006 by Johnson, Jim
Byline: Jim Johnson Part of WHI Capital Partners' interest in Waste Management Inc.'s glass recycling division lies in the grit of the business. Chicago-based WHI Capital Partners sees an opportunity to utilize the tiniest fragments from the operations that can't be reused in the glass industry because they burn up in furnaces.
Instead of throwing away these "fines,'' the material now will be sold elsewhere, including the abrasives and fiberglass markets, said Adam Schecter, managing partner of the investment firm. But that's not the only reason the private equity firm is buying the business, known as Container Recycling Alliance, along with former CRA head Tom Riek. Riek was president of CRA from 2001 to 2004 before being promoted...
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