NORWEGIAN RECYCLER, MENANDS FIRM IN DEAL.(BUSINESS)

Byline: JAMES DENN Business writer

Tomra Systems ASA, a Norwegian-based recycling company, said Thursday it has agreed to buy a portion of Menands-based Carco Recycling Inc. in a deal worth $3 million.

Carco, one of the Capital Region's largest recyclers, handles more than 300 million beverage containers annually.

Carco is owned by five individual bottlers, including Pepsi-Cola Albany Bottling Co. of Latham.

Tomra said it plans to merge the Menands company's materials handling operations with its operations in Syracuse and Rochester. The single entity will be more efficient, said Tomra. The sale is expected to be completed Aug. 1.

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