“This acquisition complements our current operations and industry relationships," says Christopher Lumaghini, president of Magnolia Data Solutions. "Together, our companies will have enhanced resources to compete aggressively in the southeastern United States market, while also allowing us to better serve our clients with increased support staff, fleet lines and processing equipment."
Magnolia says it is the only R2 (Responsible Recycling Practices) certified electronics recycler operating in Mississippi. Magnolia Data Solutions serves Mississippi, Alabama, Louisiana, Tennessee, Texas and Arkansas.
The acquisition, completed Sept. 20, 2013, also strengthens Magnolia’s market coverage in the state. “It is a good fit. It will create market share as we acquire their clients,” says Barrett White, a spokesman for Magnolia.