Groceries and pharmacies run on acres of folded, corrugated cardboard. Food, drink and drug makers use truckloads of boxes to move their products to store shelves. When they’re done, it’s off to the recycler, the landfill, or the incinerator.
When this works, it means higher payments to manufacturers, lower costs for the next round of box users, less waste, and bigger profits for the company that puts the deals together.like Philadelphia-based Rick Forman’s Turn 7 stores, which sprang up during the pandemic to sell trailer-loads of unwanted merchandise sold cheap by Amazon, Walmart and other shippers.
Spradlin estimates American Box clients have collected $27 million in recent years from “landfill diversion” resales of boxes and other materials, such as plastics, straps, metal tabs and pallets. Sales of “once-used” boxes rose during the pandemic and have remained higher than before.
Owner Stuart Parmet in 2003 moved the business to the Luzerne Avenue site, a former Philadelphia Transportation Co. trolley barn across the street from Little Flower Catholic girls’ high school, from the partly-city-owned Philadelphia Industrial Development Corp., for $50,000, and sold it to Main Line Equity Partners, an Ardmore private-equity investor, for $5 million in 2018, according to city records.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »
Source: PhillyDailyNews - 🏆 89. / 67 Read more »