Shrewsbury-based textile manufacturer Wellman has completed the sale of the material recycling facilities of New England CT, a wholly owned subsidiary located in Chelmsford, Mass. to Waste Management, an Oak Brook, Ill. company. Details of the transaction were not disclosed. The Wellman subsidiary operates 15 processing facilities for recyclables in the United states and has one facility under construction. The company has a total processing volume of about 325,000 tons a year and employs 450. "CR Inc. has been in the recycling business since the early 1980s and has built an excellent reputation. Its facilities and people will complement and expand our strong network of processing facilities," said Bill Rodgers, Waste Management"s vice president of services. Wellman is a textile fiber and resin manufacturer, and claims to be the world"s largest plastics recycler. Waste Management provides recycling services. $$$