The Sterling Group-backed Evergreen to merge with the California assets' Riverside of CarbonLITE.

The Sterling Group-backed Evergreen, a PET recycling platform company, agreed to merge with the California assets' Riverside of CarbonLITE. Financial terms were not disclosed. "We are focused on elevating our commitment to rPET bottle-to-bottle recycling. This is an exciting time; Riverside's recycling and food grade rPET manufacturing capabilities are well aligned with the great team and operations we have in place at Evergreen and our plans to bring more high quality, food grade rPET to our customers," Omar Abuaita, Evergreen CEO.