New York, NY, October 28, 2026 – Closed Loop Partners, a firm at the forefront of building the circular economy, today announced that its Catalytic Capital & Private Credit group provided a loan to Renegade Plastics, a Colorado-based startup commercializing a mono-material polypropylene (PP)-coated textile that can be recycled and is engineered to replace harder-to-recycle, multi-material polyvinyl chloride (PVC), polyethylene and polyurethane-coated textiles across a wide range of industrial and consumer fabric applications. The loan marks a key milestone in Closed Loop Partners’ work to strengthen responsible recycling end markets, especially in states like Colorado that have Extended Producer Responsibility (EPR) policy in place, and bolster domestic supply of recycled polypropylene (rPP) as demand for the resin grows.

Closed Loop Partners’ financing supports Renegade Plastics’ pilot production line in Denver, Colorado, providing working capital as the company builds toward a commercial-scale facility. The financing is being provided in conjunction with a $5 million grant that Renegade Plastics has been awarded by Colorado Circular Communities, in support of the commercial-scale facility.

Renegade Plastics, co-founded by Tony Ehrbar and Curran Hughes, was developed to strengthen the material efficiency and circularity of the coated textiles market. Coated textiles, also known as technical or industrial fabrics, are used across construction, signage, logistics, sports, automotive, healthcare, apparel and many other sectors, representing a market opportunity of more than $91 billion*.

The category remains dominated by PVC, a material that is historically difficult to recycle because of its predisposition to degrade at relatively low temperatures and release toxic hydrogen chloride gas during reprocessing. PVC has also faced mounting scrutiny for potential adverse health effects connected to phthalates and per- and polyfluoroalkyl substances (PFAS), also known as “forever chemicals.”

As major brands move to phase PVC and other PFAS-containing materials out of their supply chains, and seek alternative materials such as PP that are durable and have stronger recovery potential, strengthening markets for rPP has become critical. Supporting manufacturers equipped to turn the resin into high-performing, high-volume end products has become central to strengthening recycling supply chains.

Renegade Plastics meets that need with a novel, mono-material coated textile made by laminating PP onto a woven PP scrim. Made of a single polymer rather than a blend of incompatible materials, the finished product is designed to be recycled at end-of-life. The rolled fabric is manufactured to varying specifications for use across consumer products, including tarps, mats, geotextiles, seat covers, mattresses and weatherproof bags, as well as industrial applications, such as agricultural curtains, reusable fabric dunnage, automotive composites and construction materials.

Renegade’s fabric also carries a meaningfully lower environmental footprint than the incumbents it is designed to replace. The recycled content drives a near-50% lower carbon footprint compared to virgin PVC fabric of similar performance, while remaining lighter and equally performant. The company can incorporate rPP directly into its coating and is working with scrim manufacturers to increase recycled content further, with a goal of reaching 25%-plus recycled content in its finished fabrics. Renegade can also produce accessories such as grommets made with 100% rPP that perform better than conventional alternatives.

To further close the loop, Renegade has built a network of more than 10 qualified recycling partners across the country that can take back post-use tarps and fabrics, shred and reprocess them, and return a drop-in rPP resin that Renegade can reincorporate into new products, allowing the company’s own material to re-enter its supply chain at the end of its useful life. This model supports a more durable supply chain for recycled resin, connecting recyclers and manufacturers around a consistent source of demand.

“We are at a pivotal moment in our growth. Across every industry that we serve, we are seeing increasing demand for an alternative product that provides the durability and circularity required for coated commercial and industrial fabrics,” said Tony Ehrbar, Co-founder and CEO of Renegade Plastics. “Partnering with Closed Loop Partners not only gives us the capital, but the network and circular economy expertise needed to scale the development of our technology and meet the growing demand for alternative materials that can be recycled.”

“Investing in end manufacturers is critical to building durable supply chains and end markets for recycled resins and commodities, and to advancing a functioning circular economy. These opportunities have increasingly become a priority for investors, as demand for supply chain resilience and material security continues to rise,” said Tazia Smith, CEO of Closed Loop Capital Management, the investment firm of Closed Loop Partners. “As Renegade Plastics continues to pursue commercial growth, we see catalytic capital as a key lever at this stage—helping attract more investment and providing the flexible, strategic support needed to meet market demand.”

Closed Loop Partners looks forward to supporting the growth of Renegade Plastics, and will continue deploying capital across circular infrastructure and innovation, keeping valuable materials—including plastics and packaging—in circulation. Through its catalytic capital & private credit, private equity and venture capital strategies, Closed Loop Partners’ investment firm is positioned to support both early-stage and established companies advancing the circular economy.

If you are interested in applying for funding from Closed Loop Partners, please visit here.

*Source: Renegade Plastics

About Renegade Plastics

Renegade Plastics is a Colorado-based company commercializing a mono-material polypropylene coated textile that can be recycled and is designed to replace PVC- and polyurethane-based coated fabrics across construction, logistics, sports, healthcare, agriculture and other industries. Founded in 2021 by Tony Ehrbar and Curran Hughes, Renegade operates a pilot production and innovation facility in Denver, Colorado, and is working toward a commercial-scale manufacturing facility. To learn more, visit renegadeplastics.com.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy, comprised of three distinct businesses that create a platform for systems change: an investment group, Closed Loop Capital Management; an innovation center, the Closed Loop Center for the Circular Economy; and an operating group, Closed Loop Builders. Founded in 2014, the firm’s mission is to drive value and sustainable profitability by scaling businesses that advance the transition to a circular economy, generating net-positive environmental and social outcomes. Closed Loop Capital Management manages venture capital, private equity and catalytic capital & private credit investment strategies on behalf of global corporations, financial institutions, and family offices. Closed Loop Partners is based in New York City and is a registered B Corp. For more information, please visit www.closedlooppartners.com.

Disclosures

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

New York, NY, October 13, 2026 — Closed Loop Partners today announced that its Catalytic Capital & Private Credit Group has provided a multi-million-dollar loan to Pro Disposal Inc., a family-owned hauler and materials recovery facility (“MRF”) headquartered in Ebensburg, Pennsylvania. The loan was deployed through Closed Loop Catalytic Capital & Private Credit’s local recycling strategy to finance sortation equipment at Pro Disposal Inc.’s new 40,000-square-foot, 20-ton-per-hour MRF in Ebensburg. By financing upgrades for this facility, the loan aims to increase the efficiency and capacity of U.S. recycling infrastructure, expand recycling services for more communities and enable resilient domestic supply chains for recycled polyethylene terephthalate (rPET) in the U.S.

Amidst shifts in global recycling supply chains and growing domestic demand for recycled materials, Closed Loop Partners remains focused on unlocking domestic supplies of recycled materials, including rPET, through its investments in U.S.-based recycling operators like Pro Disposal Inc.

Closed Loop Partners’ loan to Pro Disposal Inc. was deployed at a critical time in the recycling operator’s growth, as its previous five-ton-per-hour system, which relied primarily on hand-sorted operations, had required further scale to keep pace with the growing volume of collected materials entering their facilities. The new equipment financed by this loan is installed at Pro Disposal Inc.’s new MRF in Ebensburg, which incorporates new sortation equipment, including four new optical sorters intended to enhance throughput and produce higher-quality bales.

These upgrades are a key step in Pro Disposal Inc.’s growth over the last 25+ years. Founded in 2002, Pro Disposal Inc. has expanded from a single truck into a leading hauler and recycling operator in the central Pennsylvania region. As an operator of more than 125 vehicles across nine counties in Pennsylvania, with operations extending into Maryland and West Virginia, the company serves over 100,000 customers and employs 152 people across its locations.

“Over two decades, we have been committed to accelerating efficient recycling systems and reliable recycling services for the communities around us. Every ton of material we process at Pro Disposal Inc. is a ton kept out of a landfill and put back into productive use. These upgrades to our facility are a key step in our growth, and this loan from Closed Loop Partners helps us bring this work to life,” said Michael Bellvia, President & CEO at Pro Disposal Inc. “With more efficient operations to process more materials, support jobs in the region and strengthen local infrastructure, we can continue to keep valuable resources circulating in domestic supply chains and support a waste-free future for our community.”

This loan to Pro Disposal Inc. reinforces Closed Loop Catalytic Capital & Private Credit’s long-term commitment over the last 10+ years to accelerate capital to private companies and municipalities strengthening recycling infrastructure, equipment and technologies across collection, sortation, processing and end manufacturing, and supporting equitable access to recycling for more communities.

“Strong domestic recycling infrastructure bolsters durable domestic supply chains. Backing the growth of regional operators like Pro Disposal Inc. is a key step in our work to reduce waste, increase recycling across the U.S. and unlock new domestic supplies of recycled materials to meet market demand,” said Ray Hugel, Managing Director and Co-Head of Closed Loop Catalytic Capital & Private Credit, Closed Loop Partners. “As material volumes grow at Pro Disposal Inc.’s facility, we’re proud to support their continued growth, leveraging catalytic capital’s ability to unlock scale and move more capital into the circular economy.”

Building on the progress to date, Closed Loop Partners looks forward to supporting Pro Disposal Inc. in its expansion efforts, and continues to seek investment opportunities in recycling facilities, equipment and technologies that support U.S. recycling infrastructure and strengthen end markets for recycled materials.

If you are interested in applying for funding from Closed Loop Partners, please visit here.

ABOUT PRO DISPOSAL INC.

Founded in 2002 as a family-owned business in Portage, Pennsylvania, with a single truck serving local customers, Pro Disposal, Inc. has grown into one of the largest waste management providers in the region. The company operates a modern fleet of more than 125 collection vehicles, serves more than 100,000 customers and employs 149 professionals. Its service area spans nine Pennsylvania counties — Bedford, Blair, Cambria, Centre, Clearfield, Huntingdon, Indiana, Somerset and Westmoreland — and, following a 2023 expansion across state lines, Garrett and Allegany counties in Maryland and parts of Preston and Tucker counties in West Virginia.

Pro Disposal Inc. provides residential, commercial, industrial and municipal refuse collection and operates one of the largest recycling facilities in western Pennsylvania. Since launching its recycling operations in 2010 with a small municipal contract and manually sorted curbside collection, the company has invested heavily in automated processing equipment and automated side-load collection trucks and carts. In 2022, Pro Disposal Inc. became the first waste management company in western Pennsylvania to automate curbside residential trash collection; today, nearly 55% of its residential and 90% of its commercial collection is automated. The company continues to invest in technology, infrastructure and employee development to advance waste management and environmental sustainability in the communities it serves.

ABOUT CLOSED LOOP PARTNERS

Closed Loop Partners is at the forefront of building the circular economy. The firm is comprised of three key businesses that create a platform for systems change: an investment group, Closed Loop Capital Management, managing private equity, venture capital, and catalytic private credit investment strategies; an innovation center, the Closed Loop Center for the Circular Economy; and an operating group, Closed Loop Builders.

The firm’s Catalytic Capital & Private Credit investment strategy provides flexible and risk-tolerant capital to support private companies, organizations and municipalities to launch or develop projects, ultimately aiming to attract further investment and meet the criteria of driving net positive environmental and social outcomes.

Closed Loop Partners is based in New York City and is a registered B Corp. To learn more, visit closedlooppartners.com

DISCLOSURE

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided

New York, NY, September 15, 2026 – Closed Loop Partners today released its 2025 impact report, Built to Last: The Circular Path to Enduring Growth, marking a pivotal year in the firm’s more than decade-long push to build more resilient domestic material supply chains through a circular economy.

Closed Loop Partners’ 11^th annual impact report is released amid shifting global supply chains. 2025 was marked by challenging and volatile material sourcing, driven by geopolitical shifts and increasingly concentrated material supplies. Closed Loop Partners’ impact numbers underscore the importance of circularity in securing critical industrial resources, and the resilience of the firm’s thesis amid market shifts: to build durable infrastructure and technology that keep valuable materials in use and reduce reliance on extracted resources.

Since Closed Loop Partners’ inception in 2014 to year-end 2025, the firm’s 138 investments in circular companies and projects^A across five continents, 10 countries and 29 U.S. states have kept nearly 20 billion pounds of materials in circulation^B. This is equivalent to over $7.5 billion worth of materials and products circulated, and over 33 million metric tons of greenhouse gas emissions avoided––demonstrating the economic and environmental impact of investments in the circular economy.

As artificial intelligence integration accelerates across all sectors of the global economy, driving the build-out of data centers, spurring renewable energy infrastructure, transforming manufacturing systems, and spiking demand for critical materials ranging from aluminum and water to food-systems inputs and rare earth minerals, Closed Loop Partners highlights its full-year 2025 impact outputs, building on over a decade of work in resource efficiency and supply chain resilience, to advance the circularity of five material streams:

• Plastics & Packaging: New investments in recycling infrastructure and recovery systems that keep polymers and other packaging materials, including fiber and aluminum, in circulation
• Food & Agriculture: Capital deployed to scale infrastructure that redirects organic waste into productive use and strengthens food-system supply chains
• Metals & Minerals: Acquisitions and investments in critical minerals and metals recovery, including IT Asset Disposition solutions, to reduce reliance on newly mined material
• Textiles: Continued growth of supply chain solutions to increase the recovery and reprocessing of apparel and textiles
• Water: Investments in solutions that improve water efficiency and resilience across industrial, municipal and built environment systems

“With the support of our partners and through the work of our investments, industry collaborations and infrastructure operations, the impact we have achieved to date is a testament to circularity’s central role in driving economic and environmental resilience,” says Ron Gonen, founder & CEO of Closed Loop Partners. “By maximizing the value of materials already in use, we are helping enable greater adaptability amid supply chain shifts, and more enduring growth through market cycles.”

With its network of investors and partners, including Fortune 500 corporations, leading financial institutions, major family offices, and industry experts and innovators, Closed Loop Partners advanced its materials-first approach to circularity, unlocking significant impact across its three businesses:

1. Closed Loop Capital Management: An investment firm managing venture capital, private equity, and catalytic capital & private credit strategies

• 138 investments made across the circular economy landscape as of year-end 2025^A
• 19.7 billion pounds of materials kept in circulation as of year-end 2025^B, equivalent to over $7.5 billion worth of valuable materials and products kept in circulation
• 33.2 million metric tons of greenhouse gas emissions avoided as of year-end 2025

2. Closed Loop Center for the Circular Economy: An innovation center that partners with leading global organizations to solve pressing material challenges

• 4 industry-leading consortia convened to accelerate circular solutions
• 120+ cities engaged through reuse campaigns

3. Closed Loop Builders: An operating group that incubates, builds and scales circular economy infrastructure, including one of the largest private circular economy services providers and recycling companies in the U.S.

• 38 facilities in operation across 12 states^C
• 2.5+ million tons of materials managed annually^C
• 7 million households served annually^C

“Fourteen years ago, our team that became Closed Loop Partners recognized the value of the circular economy. Now, we are seeing circularity become central to how global supply chains are shifting, rebuilding systems that offer greater resilience and enabling infrastructure that companies and communities can rely on,” says Gonen. “Over the decades ahead, we look forward to continuing our work to scale circularity: building more facilities, accelerating more capital and leading partnerships that put circularity at the center of U.S. industrial supply chains.”

A. Investment count reflects total investments made from inception to 12/31/25. Certain investments have been exited during this time period. This count includes repeat investments into existing portfolio companies or multiple loans to one project.

B. Pounds of materials kept in circulation through portfolio company operations at different stages of the circular supply chain, including but not limited to collection, sortation, processing, end manufacturing, composting, anaerobic digestion or enabling technologies.

C. Data is as of 12/31/25.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy, comprised of three distinct businesses that create a platform for systems change: an investment group, Closed Loop Capital Management; an innovation center, the Closed Loop Center for the Circular Economy; and an operating group, Closed Loop Builders. Founded in 2014, the firm’s mission is to drive value and sustainable profitability by scaling businesses that advance the transition to a circular economy, generating net-positive environmental and social outcomes.

Closed Loop Capital Management manages venture capital, private equity and catalytic capital & private credit investment strategies on behalf of global corporations, financial institutions, and family offices. The Closed Loop Center for the Circular Economy helps global brands, retailers and manufacturers solve their most pressing material challenges. Closed Loop Builders incubates, builds and scales circular economy infrastructure and solutions across the U.S.

Closed Loop Partners is based in New York City and is a registered B Corp. For more information, please visit www.closedlooppartners.com.

Disclosure

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

New York, NY, May 5, 2026 – Closed Loop Partners today announces a $5 million loan to Supersede, an engineered building materials company transforming structural sheathing across marine, RV, specialty vehicles, modular housing, and commercial and residential construction. The catalytic loan comes at a pivotal growth stage for Supersede, enabling increased production capacity and geographic reach as demand for their product accelerates. The loan will finance manufacturing equipment at the Arizona-based company’s new facility in the Midwest, which will launch in summer 2026, thereby strengthening end markets for plastic resins, including polypropylene (PP).

This is Closed Loop Partners’ second investment in Supersede. In 2025, Closed Loop Partners’ Ventures group identified the opportunity to invest in the innovative circular solution for recycled resins, participating in Supersede’s $10 million seed round as the company developed its manufacturing operations. As market demand for their product rapidly increased, Closed Loop Partners’ Catalytic Capital & Private Credit group identified the opportunity to further accelerate the company’s growth, deploying a catalytic loan to expand its production capacity.

The investment from Closed Loop Catalytic Capital & Private Credit facilitates  increased production of the Supersede Marine Board, an engineered panel crafted from recycled industrial plastic waste and engineered as a direct substitute for marine-grade plywood and OSB. The Supersede Marine Board is a compelling alternative to conventional plywood and OSB, which are resource-intensive, prone to water damage and quality inconsistencies, reliant on formaldehyde-based binders and lacking in a viable end-of-life pathway—resulting in the majority of plywood ending up in landfills.

The Supersede Marine Board is 100% waterproof, rot-proof, mold-proof and fully recyclable, outperforming plywood and OSB across key performance metrics, including water resistance, fastener retention, dimensional stability and long-term durability.

Designed to integrate seamlessly into existing manufacturing processes, the Supersede Marine Board also eliminates multiple production steps—such as sanding, sealing and drying—reducing labor costs and increasing throughput. By design, the material avoids toxic chemicals such as formaldehyde and chromated copper arsenate, improving safety for both workers and end users.

Against a backdrop of geopolitical uncertainty, tariffs and mounting climate risk driving disruptions across global supply chains and material markets, the opportunity for alternative materials is growing. Volatility in lumber markets has prompted boat, RV and modular home manufacturers to seek more stable alternatives to marine-grade plywood, calling for increased production of Supersede’s product.

“We are at a key moment of expansion for Supersede, as the need for more stable and resilient materials grows across the industries we serve. Accessing the capital required to scale production is a key accelerant, enabling us to meet market demand,” said Sean Petterson, Supersede’s Co-Founder and CEO. “We are proud to work with Closed Loop Partners, which has been a trusted partner since our early development. Their strategic capital, network of partners and deep expertise in material innovation, recycling and operational scale, is critical to our next phase of growth.”

“Expanding the capacity of end manufacturers like Supersede is a core part of building a circular economy, and an area of growing investor interest. Products manufactured with recycled resins strengthen recycling end markets, which power more stable recycling supply chains,” said Tazia Smith, CEO of Closed Loop Capital Management. “We seek to capture that opportunity across our investment strategies.”

Closed Loop Catalytic Capital & Private Credit’s loan to Supersede builds on their portfolio of investments aimed at strengthening supply chains and end markets for rPP, including GreenMantra Technologies and Preserve*. The financing to Supersede features a unique interest rate structure that incentivizes the company to maximize the amount of recycled material incorporated in its finished products.

“Our investment in Supersede demonstrates the opportunity for catalytic capital to build the entire circular economy value chain. Closed Loop Partners’ catalytic capital & private credit group is committed to supporting both proven technologies and emerging companies that advance U.S. recycling and remanufacturing,” said Ray Hugel, Executive Director of Closed Loop Catalytic Capital & Private Credit. “Supersede represents a strong end manufacturer for post-consumer and post-industrial recycled materials, and we look forward to supporting its next phase of growth.”

Supersede’s new facility will accommodate at least eight additional production lines, beyond the two financed by this loan. The company also plans to localize feedstock sourcing, reducing transportation emissions while creating manufacturing jobs in underserved regions.

Following this investment, Closed Loop Partners will continue deploying capital across circular economy infrastructure and innovation, keeping valuable materials—including plastics and packaging—in circulation. Through its catalytic capital and private credit, venture capital and private equity strategies, the investment firm is uniquely positioned to support both early-stage and established companies advancing the circular economy.

If you are interested in applying for funding from Closed Loop Partners, please visit here.

*Closed Loop Partners has exited this investment.

About Supersede

Supersede is an engineered building materials company transforming structural sheathing across marine, RV, specialty vehicles, modular housing, and commercial and residential construction. The company provides a scalable platform of high-performance structural materials designed to replace legacy building materials with superior products and modern manufacturing.

Supersede’s materials are engineered for durability, performance, and efficiency, reducing waste, improving installation, and extending life cycle longevity. They are moisture and warp-resistant, and do not contain toxic chemicals like CCAs or Formaldehyde. Sustainability is embedded in the design and manufacturing process, delivering circularity, improved safety, and reduced environmental impact without compromising cost or workflow. As a US-based manufacturer, Supersede ensures supply chain predictability and pricing consistency across product lines.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy. The firm is comprised of three key businesses that create a platform for systems change: an investment group managing venture capital, private equity and catalytic capital & private credit investment strategies, Closed Loop Capital Management; an innovation center, the Closed Loop Center for the Circular Economy; and an operating group, Closed Loop Builders.

The firm’s catalytic capital & private credit investment strategy provides flexible and risk-tolerant capital to support private companies, organizations and municipalities to launch or develop projects, ultimately aiming to attract further investment and meet the criteria of driving net positive environmental and social outcomes. The firm’s venture capital strategy has been investing early-stage capital into companies developing breakthrough circular solutions for foundational materials that underpin and significantly influence a wide array of vital sectors of the economy.

Closed Loop Partners is based in New York City and is a registered B Corp. To learn more, visit closedlooppartners.com

Disclosure

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

New York, NY, March 31, 2026 — Today, circular economy-focused investment firm Closed Loop Partners announces the acquisition of Sutter Metals, a leading metals management solutions provider in the U.S. Closed Loop Partners’ private equity group acquired majority interest in the company as shifts in regulation and global supply chains increase domestic demand for metals and critical mineral processors. The partnership aims to support the growth of Sutter Metals by expanding the company’s processing capabilities and geographic reach within the U.S.

Despite the high value of scrap metal, 29% of nonferrous metals and 54% of ferrous metals still end up in landfills. As critical industries, including data centers, aerospace and niche industrial applications, require more materials to meet market demand, the need for a stronger domestic metals supply chain has come to the forefront, with used metals and minerals an underutilized, yet critical supply source.

Headquartered in the Seattle–Tacoma region, Sutter Metals is a founder-led business with a strong reputation as an experienced regional operator focused on collecting, sorting and processing high-value metals for remanufacturing. This includes large metal equipment from critical regional industries including aerospace, automotives and electronics, as well as other industrial parts made of aluminum, brass, copper and stainless steel. In addition to its core metals recycling operations, Sutter Metals also processes complementary materials such as aluminum cans, cardboard and other recovered commodities. The company’s success to date reflects their long‑standing industry relationships, operational excellence and ability to consistently deliver clean, high‑value feedstock to mills, foundries and brokers.

“Sutter Metals has established itself as an experienced and strategically located operator with strong customer relationships and a proven track record to strengthen metals processing and circularity in the U.S. Their platform aligns with our vision at Closed Loop Partners to build resilient, circular supply chains across North America,” said Jackson Pei, Managing Director and Co-Head of Closed Loop Private Equity.

As Sutter Metals enters its next phase of growth with the support of Closed Loop Partners and its private equity team, the company will pursue a buy‑and‑build strategy supported by an active M&A pipeline. Growing M&A activity in the sector from strategics and financial buyers––and increased investment interest in the space—further reinforces the long-term attractiveness of the platform.

“For decades, our team has worked to build a trusted, resilient metals management platform that serves generators, manufacturers and communities across the region. Partnering with Closed Loop Partners allows us to accelerate our mission, expand our infrastructure and strengthen domestic metals supply chains at a time when localized processing is critical,” said Chad Sutter, CEO of Sutter Metals. “We look forward to entering this next chapter with a partner who shares our commitment to operational excellence, environmental stewardship and the circular economy.”

Sutter Metals’ leadership team is anchored by their long‑tenured founder with deep knowledge of the Pacific Northwest and broader U.S. metals market, who is maintaining significant equity ownership and alignment in the next stage of growth. The management team will be further supported by a broad bench of experienced operators within the Closed Loop Partners ecosystem, who will provide deep industry experience in global metal recycling and circular solutions for technology.

“We are proud to back Sutter Metals in their next phase of growth, as we see significant opportunities to bolster circular metals management processing and services across the value chain. Our investment in metals processing marks a step forward in our work to scale platforms that are fundamental to the circular economy,” said Daniel Phan, Managing Director and Co-Head of Closed Loop Private Equity.

“Our team at Closed Loop Partners looks forward to supporting Sutter Metals’ expansion, leveraging our network of corporate partners, and advancing scalable solutions that increase domestic processing capacity for critical materials,” said Ron Gonen, Founder & CEO of Closed Loop Partners.

Closed Loop Private Equity’s investment partnership with Sutter Metals builds on the group’s robust portfolio of investments and acquisitions focused on advancing scalable circular platforms for key materials. This investment marks the private equity group’s entrance into metals and minerals circularity, supporting multiple industries including circular technology and the built environment. Closed Loop Private Equity continues to explore opportunities to buy and build scalable circular platforms for plastics & packaging, food & agriculture, circular technology, the built environment, energy efficiency, textiles and healthcare.

Through the broader Closed Loop Partners platform—which includes a leading investment firm, innovation firm and operating group—Sutter Metals now has access to deep expertise across materials recovery, recycling technologies and downstream market development. Closed Loop Partners’ platform reach, combined with a network of more than 50 corporate partners, supports Sutter Metals’ work to advance new opportunities, expand into adjacent material streams, scale solutions for large enterprise customers and accelerate the transition to the circular economy.

J.P. Morgan Securities LLC acted as exclusive financial advisor to Closed Loop Partners in this transaction.

About Sutter Metals

Headquartered in the Seattle-Tacoma region, Sutter Metals first opened its doors in 2009 as a vendor of used auto parts. Since then, the company has grown to be a leading metals management solutions provider in the U.S., expanding its services to multiple locations and providing innovative scrap metals management and recycling services to local communities and national commercial vendors.

Chad Sutter is the founder & CEO of Sutter Metals. With roots in the Pacific Northwest and generational experience in metals management, Chad built Sutter Metals to advance recycling solutions for high-value metals for remanufacturing, supporting critical industries including aerospace, automotives and electronics. Sutter Metals continues to expand its footprint and bolster metals management solutions with the latest technologies and sustainable practices.

To learn more about Sutter Metals, visit www.suttermetals.com.

About Closed Loop Private Equity

Closed Loop Partners is at the forefront of building the circular economy, comprised of three key businesses that create a platform for systems change: an investment group managing venture capital, private equity and catalytic capital & private credit investment strategies, Closed Loop Capital Management; an innovation firm, the Closed Loop Center for the Circular Economy; and an operating group, Closed Loop Builders.

Closed Loop Private Equity seeks to make control investments in cash flowing businesses and enabling technologies to scale platforms that are fundamental to the circular economy. Closed Loop Private Equity is focused on areas including plastics & packaging, circular technology, food & agriculture, the built environment, energy efficiency, textiles and healthcare. With a buy-and-build strategy, the team brings active capital solutions, operating experience, circularity expertise and the strategic network of the Closed Loop Partners ecosystem to capture opportunities for growth and accelerate the circular economy. Closed Loop Partners is based in New York City and is a registered B Corp.

To learn more about Closed Loop Private Equity, visit www.closedlooppartners.com.

Disclosure

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

PROVIDENCE, R.I. (March 9, 2026) — Beginning this month, the City of Providence will start delivering new, standardized trash and recycling collection carts to residents to help divert recyclables from landfills and create new materials with recycled content. These collection carts will replace aging and inconsistent containers and lay the foundation for a stronger, more effective recycling system citywide. The recycling effort is supported by a $7.4 million investment from Closed Loop Partners, American Beverage Association and other major brands, The Recycling Partnership, and the U.S. Environmental Protection Agency’s Solid Waste Infrastructure for Recycling (SWIFR) Grant Program.

The new carts are a major step in a multi-year public-private partnership to address longstanding challenges in Providence’s recycling system. By aligning public funding, private investments, infrastructure upgrades, and resident education, the project is taking direct action to reduce contamination, strengthen recycling operations, and deliver measurable recycling rate improvements citywide. Providence’s current contamination rate is over 47 percent, resulting in over 8,000 tons of valuable materials intended for recycling being rejected and sent to landfills annually instead of being made into new products. That is equivalent to approximately 288 pounds of valuable materials lost to landfill per household.

Contributing to the multi-million dollar project, circular-economy focused firm Closed Loop Partners provided a commitment of over $5 million in financing from its Catalytic Capital & Private Credit group, including its beverage strategy, backed by the American Beverage’s Every Bottle Back Initiative, in partnership with Rhode Island’s beverage companies, and its infrastructure strategy, backed by Amazon, The Coca-Cola Company, Colgate-Palmolive, Danone North America, Kenvue, Keurig Dr Pepper, P&G, PepsiCo, Primo Brands, Starbucks, Unilever, the Venn Foundation and the Walmart Foundation. Additionally, the city secured two grants including $625,000 from The Recycling Partnership, with funding through the Every Bottle Back Initiative, and an additional $1.8 million through the EPA’s SWIFR grant program, which supports improvements of post-consumer materials management and infrastructure. Together these investments aim to improve Providence’s recycling rate of 2.4 percent, currently the lowest in Rhode Island.

“Since the start of my Administration, we have focused on making Providence cleaner, greener and more efficient,” said Mayor Brett Smiley. “That’s why we are investing in new trash and recycling carts, along with education and enforcement strategies to change behavior and get the City’s recycling program back on track. By combining these investments with targeted outreach, we are helping Providence neighbors manage waste more effectively, improve recycling rates and enhance quality-of-life while supporting long-term sustainability.”

“Strategic capital and collaboration across the value chain are critical to building a resilient circular economy in cities across the U.S.,” said Ron Gonen, Founder & CEO of Closed Loop Partners. “The joint funding made possible by this partnership, and bolstered by commitments from the federal government, is a key step toward catalyzing more capital to circular solutions, and laying the groundwork for waste-free cities. We are proud to support Providence, a city that is leading the way towards strengthening the infrastructure, education and partnerships needed to keep more of our valuable materials in circulation.”

Closed Loop Partners’ Catalytic Capital & Private Credit group has an over 10-year track record of deploying flexible catalytic capital to many leading recycling companies and municipal recycling programs in the U.S. The financing to Providence marks a key step in their work to advance circular economy infrastructure. Following this financing, Closed Loop Partners looks to continue to invest capital into solutions that keep a range of valuable materials in circulation.

“Strong partnerships are essential to building recycling systems that actually work for communities,” said Keefe Harrison, founder and CEO of The Recycling Partnership. “This effort goes beyond delivering carts. It brings funding, tools, education, and hands-on implementation together to turn infrastructure into real progress. By working closely with Providence city leaders and trusted partners, we are helping design solutions that meet residents where they are and deliver lasting, measurable results for the community.”

These infrastructure improvements are paired with robust resident engagement. A citywide recycling education campaign is underway, including direct mail, neighborhood outreach, and clear on-cart guidance to help residents understand what belongs in the recycling cart and why it matters.

“This investment reflects our commitment to working hand-in-hand with communities to support good policy and programs that increase the collection of valuable recyclables, including our industry’s aluminum cans and plastic bottles,” said Peg Sweeney, executive director of the Rhode Island Beverage Association. “Then we can ensure they are remade as intended and don’t end up in waterways and green spaces, or wasted in landfills.”

The City of Providence anticipates the delivery of the approximately 55,000 recycling carts to be completed early this summer. For more information about Providence’s cart program, visit http://www.providenceri.gov/carts.

About American Beverage’s Every Bottle Back initiative

The Every Bottle Back Initiative is an integrated and comprehensive initiative by The Coca-Cola Company, Keurig Dr Pepper and PepsiCo, alongside sustainability leaders Closed Loop Partners, The Recycling Partnership and World Wildlife Fund, designed to improve plastics circularity. These efforts support individual sustainability commitments undertaken by The Coca-Cola Company, Keurig Dr Pepper and PepsiCo.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy. The company is comprised of three key business segments: its investment group, Closed Loop Capital Management; its innovation firm, the Closed Loop Center for the Circular Economy; and its operating group, Closed Loop Builders. Closed Loop Capital Management manages venture capital, private equity and catalytic capital & private credit investment strategies.

The firm’s Catalytic Capital & Private Credit investment strategy invests across four key strategies that complement and operate alongside each other to bridge existing financing gaps and scale circular economy infrastructure across North America: infrastructure, beverage, circular plastics and local recycling. Across these strategies, Closed Loop Catalytic Capital & Private Credit provides flexible and risk-tolerant capital to support private companies, organizations and municipalities to launch or develop projects, ultimately aiming to attract further investment and meet the criteria of driving net positive environmental and social outcomes. Closed Loop Partners is based in New York City and is a registered B Corp. To learn about Closed Loop Catalytic Capital & Private Credit, visit https://www.closedlooppartners.com

About The Recycling Partnership

The Recycling Partnership is the U.S. nonprofit solving recycling’s toughest challenges, together, by tackling problems no single company, community, or policymaker can fix alone. Since 2014, we’ve helped recover more than 1 billion pounds of new recyclables, avoided 1.4 million metric tons of greenhouse gas emissions, delivered more than 2 million recycling carts to U.S. homes, and catalyzed $650 million in recycling system improvements. Learn more at recyclingpartnership.org.

Disclosure

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

October 29, 2025, New York, NY –– Closed Loop Partners today announces a multi-million-dollar catalytic loan to Superior Fine Grind (“SFG”), an independently owned materials recovery facility (“MRF”) located in Connellsville, Pennsylvania––approximately 65 miles southeast of Pittsburgh. The financing was deployed by Closed Loop Partners’ Catalytic Capital & Private Credit group, supporting SFG’s plans to expand recycling services to municipalities and commercial businesses in surrounding rural communities. Proceeds of the loan have been used to finance new equipment and upgrades at SFG’s MRF, which will allow it to process and sort the increasing amount of post-consumer and post-industrial materials it is receiving. With the installation of new equipment now complete, SFG is positioned to meet the growing demand for recycling services in the communities it serves.

This loan to SFG reinforces Closed Loop Catalytic Capital & Private Credit’s long-term commitment to supporting private companies and municipalities developing projects that increase recycling capacity and access in the U.S. Founded in 2011, SFG is a MRF operator that is owned by Shawn Pilla, who is also the founder and owner of CAP Glass, one of the largest privately owned glass recycling companies in the United States. SFG processes both residential curbside and drop-off recyclables from several communities in Pennsylvania, including Fayette County, Somerset, Scottdale, South Union Township and North Union Township, as well as communities in West Virginia, such as Morgantown, the home of West Virginia University.

“Interest in recycling is quickly growing within our surrounding community, and we at Superior Fine Grind are dedicated to meeting that demand, supporting job development and expanding capacity to process the growing volumes of recycled materials at our facility,” said Shawn Pilla, Founder and Owner of Superior Fine Grind. “Recycling is a profitable, job creating U.S. industry, and the financing and support from Closed Loop Partners and its extensive network of partners plays a key role in helping us meet our expansion goals.”

Today, the U.S. recycling industry is at a critical point. The industry generates over $5 billion in revenue annually and supports over 600,000 jobs nationwide. As more cities work to meet zero waste goals, global companies demand more recycled material for their production processes to meet sustainability goals, and imported commodity prices increase, the case for investing in regional recycling systems has grown increasingly urgent.

Capital gaps in the credit markets underscore the role of loans with flexible financing terms. Closed Loop Partners has helped bring catalytic capital to the forefront as an important way to finance upgrades and expansions for MRFs, and to support the development of innovative recycling technologies. Closed Loop Catalytic Capital & Private Credit has a 10-year track record of deploying flexible catalytic capital to many leading recycling companies and municipal recycling programs in the U.S., and has played a key role in advancing new recycling technologies and scaling recycling infrastructure, especially in areas that have historically lacked the necessary recycling systems.

“We are proud to back an independent recycling company that has maintained a strong reputation in the industry for many years. Our catalytic loan to SFG creates opportunities to not only support vertically integrated companies which can create greater efficiencies in our recycling system, but also to expand sortation capacity to advance recycling services in rural communities in the U.S.,” said Ray Hugel, Director of Closed Loop Catalytic Capital & Private Credit. “We look forward to supporting more companies like SFG that are scaling recycling systems for all U.S. communities.”

Following this financing, Closed Loop Partners will continue to invest capital into circular economy infrastructure, and in solutions that keep a range of valuable materials––ranging from plastics, packaging and more––in circulation.

If you are interested in applying for funding from the Closed Loop Catalytic Capital & Private Credit group, please visit here.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy. The firm is comprised of three key businesses that create a platform for systems change: an investment group managing venture capital, private equity and catalytic capital & private credit investment strategies, Closed Loop Capital Management; an innovation center, the Center for the Circular Economy; and an operating group, Closed Loop Builders.

The firm’s catalytic capital & private credit investment strategy invests across four key strategies that complement and operate alongside each other to bridge existing financing gaps and scale circular economy infrastructure across North America: infrastructure, beverage, circular plastics and local recycling. Across these strategies, the Closed Loop Catalytic Capital & Private Credit group provides flexible and risk-tolerant capital to support private companies, organizations and municipalities to launch or develop projects, ultimately aiming to attract further investment and meet the criteria of driving net positive environmental and social outcomes. Closed Loop Partners is based in New York City and is a registered B Corp. To learn about the Closed Loop Catalytic Capital & Private Credit team, visit https://www.closedlooppartners.com/here.

About Superior Fine Grind

Superior Fine Grind is a leading independent recycling company dedicated to advancing the circular economy. Superior Fine Grind has built a reputation for reliability, efficiency, and community engagement. The company specializes in processing a variety of recycled materials, leveraging new state-of-the-art technology to ensure high-quality output while supporting local workforce development. By collaborating with its community and industry partners and investing in facility upgrades, Superior Fine Grind continues to play a pivotal role in strengthening recycling infrastructure and promoting environmental stewardship across the region.

Disclosure

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

October 14, 2025, New York, NY – Today, Closed Loop Partners’ Center for the Circular Economy (“the Closed Loop Center”), in collaboration with American Beverage, releases a new best practices guide for materials recovery facilities (MRFs) in the U.S., supporting MRFs in their work to optimize recovery rates, increase material quality and foster resilient operations. The guide, Materials Recovery Facilities: Effective Operation, Design and Management in Theory and in Practice, draws on insights from leading public and private MRF operators, recycling equipment vendors, recycling industry experts and others, establishing the industry standards needed to improve U.S. recycling infrastructure.

The guide is being released as Extended Producer Responsibility (EPR) laws gain momentum across the U.S.—with seven states already implementing them and more actively evaluating adoption. As these laws expand, there will be a growing need for transparency, performance-based metrics, and targeted education and funds to help MRFs adapt. This guide was created to aid MRF management personnel in identifying areas of improvement at their facilities and optimizing operations to maximize recovery of material streams and strengthen financial outcomes.

“The U.S. recycling industry is at a critical point, with policy changes shifting the status quo and creating opportunities for materials recovery facilities to operate at their highest capacity,” said Kate Daly, Managing Partner and CEO of the Center for the Circular Economy at Closed Loop Partners. “This guide’s insights help lay the foundation for stronger infrastructure, positioning U.S. recyclers to accelerate their critical work building resilient material supply chains.”

“Collaboration with MRF operators, commitment to high standards, innovation and transparency are essential for Producer Responsibility Organizations to achieve EPR targets,” said Jeffrey Fielkow, Chief Executive Officer, Circular Action Alliance. “Circular Action Alliance supports this playbook by Closed Loop Partners’ Center for the Circular Economy, as a practical guide for collaboration to maximize recovery and deliver program compliance and measurable results for a circular economy.”

MRFs play a critical role in managing residential recyclables, and with the right operational strategies, their recovery rates can improve dramatically. The guide outlines proven approaches to material flow design, equipment configurations, maintenance routines, municipal contract updates and staff training, among other areas. Developed through direct engagement with MRF operators—both public and private—as well as equipment manufacturers, the manual draws on site visits, real-world testing and case studies to highlight what works. This guide delivers actionable insights to help MRFs increase material capture, reduce residuals, and enhance both environmental and financial performance.

In addition to the guide itself, a set of complementary templates are available for download and can be utilized by MRFs to establish best practices in their facilities, with key guidance on areas including:

• Metrics and Performance Optimization
• Equipment Maintenance and Spare Parts Management
• Facility Management and Staff Organization
• Industry Relations

The Closed Loop Center commissioned Resource Recycling Systems (RRS) to support this work. “Materials recovery facilities are at the center of how communities recycle, and this guide equips them with clear, tactical practices to optimize performance in today’s evolving policy landscape,” said RRS Co-CEO Resa Dimino. “Through this collaboration with Closed Loop Partners and American Beverage, we’re underscoring practical ways operators can increase material capture, reduce residuals, and strengthen both environmental and financial outcomes as EPR programs expand.”

“One of America’s beverage companies’ highest priorities is creating a circular economy for our valuable, recyclable bottles and cans, and supporting the infrastructure that makes this possible,” said Kevin Keane, CEO of American Beverage. “Through this new guide, we aim to support key players along the recycling value chain to be well-positioned for success.”

This report is part of Closed Loop Partners’ broader work to support recycling and circular economy infrastructure in the U.S. across its platform. Closed Loop Partners’ innovation firm, the Center for the Circular Economy, has partnered with several leading recycling facilities across the country to test the recovery of packaging materials. Closed Loop Partners’ investment firm, Closed Loop Capital Management, has catalyzed millions of dollars to bolster regional recycling infrastructure, stabilize recycling businesses during volatile times, and support novel technologies and facility expansions. And Closed Loop Partners’ operating group, Closed Loop Builders, launched Circular Services, one of the largest private recycling and circular economy infrastructure companies in the U.S., serving many of the fastest-growing markets and largest companies in the country.

Following the release of this report, Closed Loop Partners will continue to collaborate with and invest in recycling programs, facilities and infrastructure across the country. Through this work, the firm aims to support recycling operators who are critical to keeping valuable materials in circulation and building a circular economy.

Download the full report here and learn more about Closed Loop Partners’ broader work to advance material recovery here.

About the Center for the Circular Economy at Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy. The firm is comprised of three key businesses that create a platform for systems change. Closed Loop Capital Management is the firm’s investment group, managing venture capital, and catalytic capital & private credit investment strategies on behalf of global corporations, financial institutions and family offices. Closed Loop Builders is the firm’s operating group, incubating, building and scaling circular economy infrastructure and services.

The Center for the Circular Economy is the firm’s innovation center. The Center executes research and analytics, unites organizations to tackle complex material challenges and implements systemic change that advances the circular economy. The Center’s expertise spans circularity across the full lifecycle of materials, connecting upstream innovation to downstream recovery infrastructure and end markets.

Learn more about the Center for the Circular Economy at https://www.closedlooppartners.com/the-center/.

About the American Beverage Association

American Beverage is the national trade organization representing America’s leading non-alcoholic beverage companies. We represent a broad spectrum of beverage producers, distributors and franchise companies that make American products with American workers in America’s hometowns. Together, they provide more than 275,000 family-supporting careers and deliver $324 billion in economic impact nationwide. Visit AmericanBeverage.org for more information.

About Resource Recycling Systems

Resource Recycling Systems (RRS) is a sustainability consulting firm specializing in circular economy and materials management solutions for businesses, communities, and the broader future. With four decades of experience, RRS’s team of diverse experts delivers comprehensive services focused on reducing waste, enhancing recycling processes, and minimizing environmental impacts across supply chains. RRS serves North American and global markets, including MRFs, recyclers, brands, manufacturers, government, and institutions. Learn more at recycle.com.

September 30, 2025, New York, NY –– Closed Loop Partners today announces a $10 million loan to TemperPack Technologies (“TemperPack”), a leader in sustainable, innovative packaging technology. The financing was deployed by Closed Loop Partners’ Catalytic Capital & Private Credit group and will support TemperPack’s continued growth in the sustainable packaging sector.

This financing marks Closed Loop Catalytic Capital & Private Credit’s third loan to TemperPack since 2018, reinforcing the group’s long-term commitment to supporting private companies that reduce waste and advance circular manufacturing. Deploying capital to innovative private companies such as TemperPack is an important component of Closed Loop Catalytic Capital & Private Credit’s strategy. The group is focused on providing flexible capital to support private companies, organizations and municipalities that have developed or are developing circular economy-focused projects or products, and are seeking more capital to drive net positive environmental and social outcomes.

Based in Richmond, Virginia, TemperPack develops innovative plant-based packaging and manufacturing technologies that help reduce waste and hard-to-recycle materials in supply chains. Its latest offering, WaveKraft, allows customers to simplify their operations and optimize packaging performance with an on-site, on-demand packaging manufacturing platform.

Photo Credit: TemperPack

Over the past several years, TemperPack has demonstrated strong growth and financial stability. This, coupled with near-term plans to further innovate and explore different business models that require outside capital, positioned them well for a follow-on loan. As more packaging companies transition their focus to fiber-based packaging, Closed Loop Catalytic Capital & Private Credit believes TemperPack will benefit from the shift. This financing complements Closed Loop Catalytic Capital & Private Credit’s loans to other entities up and down the circular economy value chain, including materials recovery facilities (“MRFs”) and municipal residential recycling programs, to advance material circularity.

Proceeds of this financing will be used to support TemperPack’s research and development, manufacturing and distribution of more sustainable and easier-to-recycle fiber-based products that help reduce the reliance on harder-to-recycle plastics such as Expanded Polystyrene Foam (EPS). While the use of EPS as a packaging material has declined, it continues to be used in industries such as food and beverage and healthcare. With limited infrastructure that can properly recycle EPS in the U.S., the material typically ends up in landfills or incinerated. Solutions like TemperPack’s helps address this challenge.

“TemperPack is a prime example of the kind of company we seek to support—established, forward-thinking and focused on reducing environmental impact through scalable innovation,” said Jennifer Louie, Managing Director of Closed Loop Catalytic Capital & Private Credit at Closed Loop Partners. “Our continued investment in TemperPack aligns with our mission to build a circular economy, reduce waste and promote sustainable manufacturing, not just through recycling, but by reducing the need for hard-to-recycle materials in supply chains.”

“We’re thrilled to continue our partnership with Closed Loop Partners as TemperPack enters its next phase of growth,” said Peter Wells, CEO of TemperPack. “Closed Loop Partners’ experience in material circularity, and extensive network of partners, has made them a key partner for our company’s growth. With this loan, we look to further scale our capacity and impact, helping reduce waste across major industries––including life sciences, food & beverage, electronics and home goods––while catalyzing the development of new circular products.”

The financing from Closed Loop Catalytic Capital & Private Credit signals its readiness to deploy larger amounts of capital and partner with sophisticated co-investors, including major financial institutions. With this transaction, Closed Loop Catalytic Capital & Private Credit becomes TemperPack’s second-largest lender, demonstrating the group’s ability to help impact-driven companies scale from early-stage innovators to more mature businesses with shovel-ready capital expenditure projects that advance the circular economy.

Following this financing, Closed Loop Partners will continue to support TemperPack as it expands its processing capacity, improves existing facilities and pursues new product development. Closed Loop Catalytic Capital & Private Credit continues to catalyze capital into circular economy infrastructure and solutions that keep a range of valuable materials in circulation.

If you are interested in applying for funding from Closed Loop Catalytic Capital & Private Credit, please visit here.

About Closed Loop Partners

Closed Loop Partners is at the forefront of building the circular economy. The firm is comprised of three key businesses that create a platform for systems change: an investment group managing venture capital, private equity and catalytic capital & private credit investment strategies, Closed Loop Capital Management; an innovation center, the Center for the Circular Economy; and an operating group, Closed Loop Builders.

The firm’s catalytic capital & private credit investment strategy invests across four key strategies that complement and operate alongside each other to bridge existing financing gaps and scale circular economy infrastructure across North America: infrastructure, beverage, circular plastics and local recycling. Across these strategies, Closed Loop Catalytic Capital & Private Credit provides flexible and risk-tolerant capital to support private companies, organizations and municipalities to launch or develop projects, ultimately aiming to attract further investment and meet the criteria of driving net positive environmental and social outcomes. Closed Loop Partners is based in New York City and is a registered B Corp. To learn about Closed Loop Catalytic Capital & Private Credit, visit https://www.closedlooppartners.com/here.

About TemperPack

TemperPack solves the toughest packaging problems, with science and sustainability. Since 2015, we’ve worked to displace legacy plastics with innovative, sustainable alternatives. With expertise in materials science, packaging design, and process engineering, we develop and scale solutions that match the performance of

traditional materials, without unnecessary plastic waste. Our products have protected over 200 million shipments worldwide for industry leaders including HelloFresh, Wild Alaskan Company, Cytiva, and New England Biolabs. For more information, visit www.temperpack.com.

Disclosure

This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.