Closed Loop Partners finances LEI Packaging's second US molded-fibre plant
Closed Loop Partners has provided a multi-million-dollar loan to LEI Packaging, a Minnesota-based molded fibre manufacturer, to fund its newly completed second production facility. The new plant adds a de-trashing system enabling LEI to process post-consumer recycled fibre bales for the first time, alongside the post-industrial material used at its first site, as it expands capacity for egg trays and cartons sold to food and agriculture customers.
Why this mattersAdds US end-market capacity for recycled paper fibre, reinforcing supply as food and beverage brands shift packaging from foam and plastic to fibre.
- Closed Loop Partners provided a multi-million-dollar loan via its Catalytic Capital & Private Credit strategy.
- LEI Packaging, founded in 2014, is based in Chisago City, Minnesota, and makes molded fibre egg trays and cartons.
- The financing backed construction of LEI's second production facility, now completed.
- The new facility includes a de-trashing system, letting LEI process post-consumer recycled fibre bales for the first time.
- LEI previously used only post-industrial recycled material at its first facility.
- The expansion is expected to create over 20 jobs plus about 15 construction jobs.
Sources
closedlooppartners.com