Posted June 17, 2014

 

WILMINGTON, Del. – Leigh Delaware Holdings, LLC, an affiliate company of Leigh Fibers, Inc., has acquired Industrial Conservation Engineering (ICE) Recycling, LLC of Lake City, S.C.

 

Founded in 2008 by Larry T. Gay Jr., ICE Recycling reprocesses post-industrial polymers, cardboard, paper and metals for companies throughout the Southeast U.S. The company provides on-site waste-stream management as well as off-site reprocessing services.

 

In October 2010, to meet increasing demand for its services, ICE Recycling moved to its current location 25 miles south of Florence, S.C., effectively tripling its capacity and workforce.

 

Leigh Fibers, Inc. is based in Wellford, S.C. near the center of the Greenville-Spartanburg area. As a fourth-generation manufacturer of recycled fibers, the company is one of the world’s largest reprocessors of natural, synthetic and specialty fibers.

 

Since 1917 it said it has diverted more than 14 billion pounds of postindustrial and used fiber from landfills and is active in 25 countries around the world.

 

According to Heidi Lehner, president of Leigh Delaware Holdings, ICE Recycling will continue to be managed separately with Gay as President. Co-owner Butch Crawford will remain with the company through the transition before leaving to pursue outside interests. G2 Capital Advisors, LLC, of Boston, MA, provided advisory services to the buyer.

 

“Leigh’s acquisition of ICE Recycling will benefit customers of both companies,” Lehner said. “While the companies will remain separate, we have broadened and deepened our resources, improving our capabilities and expertise.”