Smaller Default Larger

Acquisitions, Mergers & Partnerships

  • Tomra Systems acquires Greenbean Recycle Inc.

    Tomra Systems, ASA has entered into an agreement to acquire Greenbean Recycle Inc., a company specializing in technology for RVMs that facilitates rewards and incentives for customers and brings marketing value to retailers. The acquisition is an all-cash transaction and terms of the agreement were not disclosed.

    The rewards technology will be integrated into TOMRA’s ReAct technology platform. ReAct is a consumer engagement system designed to enhance the recycling experience, providing rewards and incentives for the consumers using RVMs to recycle their bottles and cans. Launched in Europe earlier this year, ReAct personalizes the process of recycling, and uses social media to highlight and reward top recyclers. Today, millions of consumers already use RVMs in the U.S. and Europe across dozens of retailers to recycle, earn their deposit value and feel good about recycling.

    TOMRA plans to use new and enhanced personalization technology to provide more value to its retail customers, grow organically in non-retail locations and continue to support the currently installed base in public spaces.

    The Greenbean technology facilitates a retailer’s interaction with customers: Based on a consumer’s recycling habits, the retailer can provide the customer with loyalty points or coupons, and ensure the funds will be spent in the store. When recycling through an RVM, customers have the option of adding points to their store loyalty cards or gift cards.

    Published in the November 2014 Edition of American Recycler News

  • Partnership formed by MRF and compactor company

    Stadler America LLC and Becker Complete Compactor Inc., both South Carolina based companies, formed a partnership to provide improved service in the Southeastern U.S. and beyond.

    Stadler is a manufacturer of material recycling facilities (MRF), designing, manufacturing and installing recycling systems for all kinds of waste, including: single stream, municipal solid waste (MSW), co-mingled, commercial industrial waste (C&I), plastic bottles and lightweight packaging, as well as paper and OCC.

    Columbia-based Becker Complete Compactor sells and services Marathon balers and compactors for the recycling industry. Becker has built strong relationships throughout the waste and recycling industry in South Carolina for over 20 years.

    Published in the November 2014 Edition of American Recycler News

  • Republic Services acquires Rainbow Disposal Co.

    Republic Services, Inc. disclosed the acquisition of one of Southern California’s largest independent solid waste companies, Rainbow Disposal Co., Inc. The transaction further enhances Republic’s Southern California footprint, and reinforces the company’s growth strategy to expand its operations through targeted, accretive acquisitions.

    Republic has acquired Rainbow’s state-of-the-art business and facilities, which include hauling routes in Huntington Beach, Fountain Valley, Midway City, Westminster, Orange County, Newport Beach and Irvine as well as a recycling facility, a transfer station, a compressed natural gas (CNG) refueling station, and a vehicle fleet,  powered by CNG.

    As part of the transaction, the primary principals at Rainbow, Jerry Moffatt and Jeff Snow, have joined Republic Services and will lead a newly created business unit of the company based at the Huntington Beach campus. Republic’s new business unit will continue to serve residential and commercial customers, providing waste collection, transfer, disposal, diversified material recovery/recycling and organic composting.

    Published in the November 2014 Edition of American Recycler News

  • Liebherr Construction signs agreement with RECO

    Liebherr Construction Equipment Co. disclosed that RECO Equipment, Inc., headquartered in Belmont, Ohio, acquired Republic Crane LLC with locations in Charlotte, North Carolina and Florence, Kentucky. In agreement with Liebherr, these locations will now operate under the full-line Liebherr contract selling and servicing the earthmoving and material handling product lines.

    RECO is an established Liebherr dealer representing the full product line in multiple locations in Ohio, Pennsylvania and Indiana since 1994.

    Published in the November 2014 Edition of American Recycler News

  • Wise Metals sold for $1.4 billion

    Wise Metals, a producer of aluminum can stock for the beverage industry, has been acquired by the Dutch firm Constellium for $1.4 billion.

  • KAR Auction acquires half ownership in TradeRev

    Carmel, Indiana-based KAR Auction Services, Inc., a provider of used vehicle auction services, disclosed that its business unit ADESA has acquired a 50 percent stake in Toronto-based Nth Gen Software Inc. (TradeRev) and its online vehicle remarketing system, TradeRev.

  • Liebherr renews partnership with American State

    The longest standing Liebherr dealer in the U.S., American State Equipment, has renewed its dealer agreement for the full line of Liebherr earthmoving and material handling equipment in the states of Wisconsin, Minnesota and the Upper Peninsula of Michigan and expanded territory to include the entire state of Illinois for its wholly owned subsidiary Finkbiner Equipment Company.

    American State Equipment is a family owned company operated by the third generation of the Kraut family. Established in Milwaukee in 1957, the dealership has served some of the largest cities in the Midwest for more than 50 years and has grown to be one of the most recognized equipment dealers in the region. American State Equipment operates five branches in the Midwest (Milwaukee, Wausau, Little Chute, Minneapolis/St. Paul and Duluth) and owns Finkbiner Equipment Company, a subsidiary located in Chicago, Illinois.

    Published in the October 2014 Edition of American Recycler News

  • Atlas Paper Mills acquires Accurate Paper Recycling

    Atlas Paper Mills, LLC, a portfolio company of Peak Rock Capital, an Austin, Texas based private equity firm, has acquired Accurate Paper Recycling, Inc. a supplier of paper recycling services based in Tampa, Florida.

  • Maine’s two largest utilities to develop transmission projects

    Maine’s two largest utilities have agreed to jointly develop electric transmission projects to enhance the strength and capacity of the state’s bulk power grid and improve access for new generation resources.

  • Hendrickson acquires segments of Frauenthal

    Hendrickson has acquired the leaf spring and stabilizer segments from the Austrian Frauenthal Group along with a number of their subsidiaries in Europe.

    “This acquisition of this business will enable us to broaden our footprint in Europe to better support our global spring customer base,” stated Gary Gerstenslager, president and chief executive officer Hendrickson. The transaction will close later this year.

    Published in the August 2014 Edition of American Recycler News

  • Consolidated Container buys two plastic recycling firms

    Consolidated Container Co. (CCC) has acquired sister companies Envision Plastics Industries LLC and Ecoplast Corp.

  • Recycling program begins

    The American Chemistry Council’s (ACC) Flexible Film Recycling Group (FFRG) is partnering with Dunn County Wisconsin, the Wisconsin Department of Natural Resources, Indianhead Enterprises, Inc. and Trex Company, Inc. to help promote a new film recycling initiative of the Wrap Recycling Action Program (WRAP).

  • The Newark Group to be acquired

    Caraustar Industries, Inc., a portfolio company of H.I.G. Middle Market, has entered into an agreement to acquire The Newark Group, Inc.

  • ReCommunity acquires JFD

    ReCommunity has acquired the assets of JFD Associates. The addition of JFD’s facility in Farmingdale is ReCommunity’s fifth processing operation in New Jersey. ReCommunity provides service to dozens of haulers and more than 110 communities across the Garden State.

    JFD has operated this facility for more than 10 years.

    Published in the August 2014 Edition of American Recycler News

  • Wise Recycling merges with Source Recycling

    Wise Metals Group disclosed the merger of Wise Recycling with Source Recycling. The merger will combine Wise’s five yards in Colorado, North Carolina, Florida and Virginia along with Wise’s network of feeder locations in six states with Source Recycling’s three yards in Maryland and North Carolina and one feeder yard in Maryland.

    The new company will be named Wise Recycling and all of the yards will operate under the Wise Recycling name and logo.  Wise will own a majority of the equity in the new company which will consist of a new class of preferred interest and a portion of the common equity.

    Published in the August 2014 Edition of American Recycler News

  • Casella partners on solar project

    Borrego Solar Systems Inc. has partnered with Soltage Greenwood, a joint venture between Greenwood Energy and Soltage LLC to develop a solar project, launched by Casella Waste Systems on its Coventry, Vermont landfill site.

  • Bluesphere to build new waste-to-energy project

    Bluesphere Corp. (BLSP) has signed a Memorandum of Understanding (MoU) with a local developer

  • ‘I Want To Be Recycled’ campaign launched

    Keep America Beautiful (KAB) and the Ad Council revealed that the City of Austin, Texas is the first city to partner in the “I Want To Be Recycled” multimedia public service advertising campaign.

  • US Ecology to acquire The Environmental Quality Co.

    US Ecology, Inc. has entered into a definitive stock purchase agreement to acquire The Environmental Quality Company (EQ), an environmental services and waste management company based in Wayne, Michigan, with facilities throughout the Eastern U.S. EQ is owned by an affiliate of New York based private equity fund Kinderhook Industries, LLC. The transaction, valued at $465 million, is expected to close in the second or third quarter of 2014 and is subject to customary closing conditions, and a purchase price adjustment based on working capital. The acquisition is expected to be accretive to adjusted earnings per share for the full year 2014.

    The total purchase price of $465 million will be financed using a combination of cash on hand and committed debt financing, consisting of a new $540 million credit facility made up of approximately $415 million in a 7 year term loan and a $125 million 5 year revolving credit facility.

    Published in the June 2014 Edition of American Recycler News

  • Moley Magnetics enters partnership with Minelli

    Moley Magnetics, Inc. has entered a strategic private label partnership with Minelli s.r.l. of Italy.

    In this partnership, Minelli S.r.l. will produce private label grapples for Moley Magnetics that will apply to the scrap, environmental, recycling, demolition, railroad and other industries.

    The private label partnership represents an opportunity for incremental volume to better leverage the manufacturing operations and to drive additional operational efficiencies for both companies.

    Published in the May 2014 Edition of American Recycler News