A career entrepreneur, Stephen Greer founded Hartwell Pacific, a scrap metal recycling company, in Hong Kong in 1994 at the age of 24.
Hartwell Pacific developed a successful business trading and brokering a broad range of scrap metals as well as stainless steel sheets and coils on a global basis.
He subsequently lived in Hong Kong for twenty years and built Hartwell Pacific into a global business with operations in seven countries and revenues of $300 million.
In July 2003, Hartwell Pacific sold a 50% stake to Australia’s Smorgon Steel Group to create a joint venture company called Smorgon Hartwell Recycling. The Smorgon Steel Group was a top 100 publicly listed company on the Australian Stock Exchange (ASX), a leading steel maker, the largest distributor of construction steel and the largest domestic metal recycling company in Australia.
In March 2005, Smorgon Steel purchased the balance 50% of Smorgon Hartwell Recycling creating a 100% subsidiary of the Smorgon Steel Group and Mr. Greer stayed on as Chief Executive for Asia for Smorgon Steel Group’s Recycling division and served on Smorgon’s newly created Asia Board as part of the terms of the acquisition.
In 2008, having fulfilled all his obligations under the acquisition, he resigned his position and became a senior advisor to Oaktree Capital, the distressed debt and private equity investor. Later in 2010 Greer authored the book, Starting From Scrap, which chronicles his experiences as a start-up entrepreneur in Asia.
In 2011, Mr. Greer moved to Washington DC to take advantage of what he believes are great opportunities created by the re-structuring and resurgence of industrial America as well as to help companies who are looking to get involved in Asia and emerging markets. During this period Greer advised private equity firms TENEX Capital and Audax on US based investments in the industrial sector.
Stephen is currently the owner and CEO of SONCO Worldwide, a Maryland based distribution and service company of perimeter security and mechanical tube products that was founded in 1976. He acquired the struggling business in 2014, conducting a major restructuring which included strategic business exits and refocus converting into a profitable, diversified industrial holding company nowadays.
Stephen is a Trustee of Chatham University in Pittsburgh PA, of Historic Fort Ligonier and an active of member of the Washington Capital Chapter of YPO, Young Presidents Organization.
He holds has a degree in Economics from The Pennsylvania State University, graduating in 1991.
Stephen and his wife Mei Greer live in Washington DC and have three young children.
Stephen Greer arrived in Hong Kong in 1993, a recent college grad with no financing, scant experience, and only a notion of starting some kind of business. Fourteen years later, his company Hartwell Pacific was a $250-million enterprise. Starting From Scrap is the story of how a young American became a leading businessman in Asia in the bare-knuckle world of scrap metal recycling.
Stephen Greer hired the first general manager for his fast-growing company’s Mexican operations after several evenings drinking tequila with the man in Guadalajara.
I started my career as an entrepreneur at twenty-four years old, right out of college. I ultimately built and sold a $250 million global scrap metal company, an experience I wrote about in my book Starting from Scrap. HBR wrote about my experiences in the December issue. After my book came out, I visited several U.S. business […]
Even though Hartwell was becoming less and less mine, I was happy with our start and could see us morphing into a large professional corporation. We had overcome fraud, failed deals, near death in Indonesia, SARS, a battle with our private equity investors, and millions of dollars in losses, but had somehow come out on […]
With the success of Hong Kong, Thailand, Malaysia, and the Philippines under our belt, I perused the world of expansion opportunities. I recalled the childhood board game Risk, a dice game that is played out on a Cold War-era map. The objective is to vanquish your enemy’s armies and secure global dominance while leaving enough […]
There’s a long tradition of Westerners going to the Far East to make their fortunes. British novelist Jane Gardam captures it the title of her novel Old Filth, which is both the nickname of her central character and an acronym for “Failed In London, Try Hong Kong.”
Last Thursday, entrepreneur and budding writer Stephen Greer spoke to Carnegie Mellon’s Entrepreneurship Club, sharing his business experience and his new book, Starting From Scrap: An Entrepreneurial Success Story. In Starting From Scrap, Greer recounts his story of almost 20 years in the scrap metal recycling business in Asia. A Pennsylvania native, he graduated from Penn State […]
Anyone doing business in Asia will sooner or later come across an unfamiliar cultural situation—for example, how to best eat giant braised goose webs. For Stephen Greer, who left Pittsburgh with a one-way ticket to Hong Kong in the early 1990s to try his hand as an entrepreneur, that was just one of the learning […]
American Stephen Greer rose from economics graduate to multimillionaire inside 20 years, using Hong Kong as a stepping stone for building his global-reaching scrap metal business.
Stephen H. Greer, Author of “Starting From Scrap” discusses how he transformed a scrap metal business into a $250 million dollar enterprise.