Evergreen Recycling, LLC closing Clyde plant

TOLEDO, Ohio — Evergreen Recycling, LLC plans to close its Clyde plant, which will result in 163 employees losing their jobs, according to a WARN Notice submitted to the state. 

The WARN Notice also stated that its closing another facility in New Albany, N.Y. In total, 247 employees are being laid off. 

The layoffs will be permanent, and most job eliminations will occur on Feb. 24, with all layoffs being completed by April 24. 

“The reason for the termination of operations is that on February 13, 2026, the Company’s revolving credit facility lender (the “Revolving Credit Lender”) unexpectedly swept all of the Company’s cash, even though the Company had advised the Revolving Credit Lender that the Company had several going-concern bidders who had conducted diligence and at least one of which was expected to provide non-binding letters of intent to purchase the Company this week,” the company stated in the notice. 

Then, on Feb. 17, the Revolving Credit Lender told the company that it’s taking control of the company’s capital assests an stopping funding. 

“The Revolving Credit Lenders actions were unforeseeable and unexpected, and leave the company with no option but to cease operations immediately,” the company stated.