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Evergreen Recycling plant sold for $7 million
The empty Evergreen Recycling LLC buildings and manufacturing plant in Clyde has been sold for $7 million. Forever Green Plastics LLC purchased the two Clyde properties, 13.3 acres at 609 Elm St. and 21.36 acres at 202 Watertower Drive. As previously reported, Evergreen made a $22 million expansion at that facility to manufacture food-grade recycled PET (rPET), then abruptly closed in February. The $7 million deed transfer is evidence of a transaction, but doesn't establish whether Forever Green bought the operating business, is a successor company, is controlled by Evergreen's owners/lenders, or merely acquired the real estate. Property transfer records show the business is using the 202 Watertower Drive address as its official address with the Sandusky County auditor. A mass layoff notice of 165 workers, issued under the WARN Act as required by Ohio Law, was made on Feb. 24 by Evergreen. The notice indicated that all Evergreen Recycling facilities would be closed. “This one happened very quickly. We didn’t, and the company didn’t, really even have that much notice. They let us know as soon as they heard, and we’ve been running since," Assistant Director of Sandusky County OhioMeansJobs Center Casey Nead said in February. "This one was