Dive Brief:
- ReCommunity, a recycling company based in Charlotte, NC, bought JFD Associates, a NJ-based wholesaler specializing in recycled materials and scrap.
- ReCommunity will now operate the five processing operations located across the state of New Jersey.
- Andie Holt, a co-founder of JFD, will step into the role of regional controller for various areas, which includes the Mid-Atlantic region.
Dive Insight:
ReCommunity currently owns 33 plants across 14 states. In 2012, ReCommunity invested $15 million into a recycling facility in Delaware, opened a new MRF in New York after investing $7.5 million into the plant and opened a MRF in Arizona.