Two Carolina scrap firms to merge.Carolinas Recycling Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (CRG CRG Centre for Research on Globalisation CRG Council for Responsible Genetics CRG Contingency Response Group CRG Citizens for Responsible Government CRG Corporate Renaissance Group CRG Columbia River Gorge CRG Consulting Resource Group CRG Columbia Resource Group ) and Atlantic Scrap and Processing LLC have agreed to merge into a consolidated entity that is expected to handle more than 1.2 million tons of ferrous scrap and 230 million pounds of nonferrous scrap annually The transaction is expected to close in the first quarter of 2007, subject to conditions. The merger will create a scrap processing company that will employ more than 500 people in 16 locations throughout the Carolinas and Georgia. The names of both companies are expected to remain in use, with the CRG name remaining prominent in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and the Atlantic Scrap & Processing name being used in most of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. . "Both companies have strong brands in their regions," says Marvin Siegel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CRG. The merger will help set in motion plans for continued growth and investment, according to Siegel. He adds, "This merger is a perfect fit, as both companies share such similar management styles and operating philosophies. Frank Brenner, president of Atlantic Scrap, says, "In the five short years since the inception of Atlantic Scrap & Processing LLC, I have seen our business develop into the largest recycler in North Carolina. We are excited to be merging with CRG, who we feel shares the same ideals as Atlantic Scrap. We look forward to this merger and to continued growth and success." Brenner adds that the company's new shredding plant, located near a deep water dock on the Cape Fear River Cape Fear River, 202 mi (325 km) long, formed in E central N.C. by the junction of the Deep and Haw rivers, and flowing southeast to enter the Atlantic Ocean S of Wilmington and N of Cape Fear; longest river entirely within North Carolina. in Wilmington, N.C., is expected to go online by the end of the year. |
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