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March 17, 2023
Closed Loop’s Circular Services expands investment with funding from major CPGs
Waste Dive
Closed Loop Partners announced on Thursday further investment in Circular Services, a privately held company that owns MRF operators Sims Municipal Recycling and Balcones Resources. The company said combined commitments, including a prior $700 million from Brookfield Renewables, now total “nearly a billion dollars.”
The latest investments come from Microsoft, Nestlé, PepsiCo, SK Group, Starbucks and Unilever. Closed Loop declined to share specific financial details. Starbucks reported it invested $10 million.