SEATTLE (Scrap Monster): Closed Loop Partners has announced a multi-million-dollar loan to Minnesota-based LEI Packaging to strengthen domestic recycled fiber processing and expand production of sustainable packaging. This will help the family-owned manufacturer to complete its second production facility in Chisago City.
Established in 2014, LEI Packaging specializes in molded fiber egg cartons and trays manufactured from recycled paper. Its products serve farms, agricultural cooperatives and other customers across the United States.
The newly commissioned facility is equipped with a de-trashing system. It will have capability to process post-consumer recycled fiber bales, thus allowing it to diversify its feedstock beyond the post-industrial materials. The expansion will help process thousands of tons of recovered paper per year.
There has been a growing demand for fiber-based packaging as businesses seek alternatives to foam and other conventional packaging materials. Additional processing capacity will also strengthen domestic markets for recovered paper and support the wider recycling supply chain.
The project is expected to create more than 20 permanent jobs. Meanwhile, approximately 15 construction and development positions will also be generated.
Closed Loop Partners said the financing reflects its commitment to developing recycling infrastructure and commercially viable end markets for recovered materials. LEI co-founder Paul Johnson said the additional capacity would help the company incorporate greater quantities of recycled material into its products.
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