Oji Fibre Solutions (OjiFS) has signed a sale agreement to divest Fullcircle, its nationwide wastepaper recycling operations, to Northland Waste Limited. Change of ownership will occur on 1 December 2025, subject to satisfaction of final conditions under the sale.
With the December 2024 closure of Penrose Mill and cessation of paper production at Kinleith Mill in June this year, Fullcircle no longer has a long-term fit within OjiFS’ business model.
“This is another step in our organisations’ strategic review to strengthen and streamline Oji Fibre Solutions for a sustainable future,” said the company on its website. “It is also a significant milestone for Fullcircle; one that opens a new chapter for the business and its future. It reflects the strength of the Fullcircle business and its pivotal place in New Zealand’s wastepaper and recycling landscape. Under new ownership, Fullcircle will continue as it is today. Wastepaper will continue to be collected, sorted and baled for recycling offshore.”
