ICE Recycling Joins the Leigh Family of Companies
Leigh Delaware Holdings, LLC ., an affiliate company of Leigh Fibers, Inc., is a family owned business headquartered in New England. Leigh Fibers, Inc. is headquartered in Wellford, SC, 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 has diverted more than 14 billion pounds of post-industrial and used fiber from landfills and is currently active in 25 countries around the world.
Leigh sought the ability to broaden and deepen their resources through an acquisition of synergistic capabilities and expertise in supply and trading. ICE Recycling was founded in 2008, as a post-industrial nylon recycling company. ICE quickly built relationships throughout North and South Carolina’s industrial plants and began its path as the ‘TOTAL RECYCLING SOLUTIONS’ company. ICE now services a broad array of industrial businesses, providing engineering and program services, making those companies ‘LANDFILL FREE’. ICE recycles a large assortment of materials including: textiles, plastics, metals, cardboard, and E-waste.
G2 Capital Advisors served as the exclusive financial advisor to Leigh in facilitating the acquisition of ICE Recycling. G2 Capital Advisors led the acquisition, which was accomplished through our buy-side advisory services.
The transaction was successfully completed in June of 2014 through a sale of the assets of ICE Recycling to Leigh Delaware Holdings. Larry Gay will remain with the sale and become the President of ICE Recycling.