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Canusa Hershman Recycling Company, a preeminent trader of recovered paper and other recyclable commodities, announced today that it has entered into a definitive agreement to acquire the recovered paper trading business of Mehali Inc.   Mehali is one of the leading suppliers of recovered paper from the United States to India and the acquisition will significantly increase Canusa Hershman’s export capacity and make it a top exporter to India.  

Commenting on the transaction, Canusa Hershman CEO, Ethan Hershman, stated “The addition of Mehali boosts our ability to grow and succeed in India by bringing their dominant market position and expertise together with our global footprint, capabilities, and network. The market development in India is similar to some of the market dynamics we experienced in China where we’ve enjoyed more than 20 years of success with our partners at Newport CH International.”   

The acquisition creates a combined operations team in the US and India that will serve as a platform for future export growth.  John Daniel, Managing Director at Canusa Hershman, will oversee the integration of Mehali into Canusa Hershman. “Firoz Nathani and the Mehali team have built an amazing company with great service and operational efficiency.  In our surveys of customers and suppliers, we have discovered that Mehali has consistently been rated as the best-in-class in service to the suppliers and customers”, said Mr. Daniel.    

“We are pleased to welcome Mehali to the Canusa family and very excited about the growth opportunities this acquisition creates,” concluded Mr. Hershman.  Mehali, founded and managed by Firoz Nathani since 2003, boasts strong operational and technical leadership, a best-in-class reputation for logistics and communication, and high brand awareness among suppliers and customers. The transaction will enable Canusa to establish a clear leadership position in the recovered paper business in India. ­

“The combined companies will employ 70 people and ship 100,000 tons per month around the world.  I believe because of this synergy and efficiencies; the Customers in India will benefit, and it will be a win-win for everyone involved.” said Mr. Firoz Nathani. Mehali’s team, including Mr. Firoz Nathani, will now work as part of the Canusa Hershman team. Firoz Nathani will remain as a partner with Canusa for the next 20 years.  

Canusa Hershman has over 100 years of experience trading and processing recyclable materials throughout the United States and internationally. Starting in the late 1880’s with a single horse-drawn cart in New Haven, CT to most recently operating one of the largest single-stream MRFs in the U.S., Canusa Hershman has proudly demonstrated a long history of innovation and success.