Company plans to build a network of electronics recyclers throughout North America.
E-Waste Systems Inc. (EWSI), London, has signed a letter of intent to purchase Tech Disposal Inc. (TDI), a Columbus, Ohio-based electronics recycling and asset recovery firm.
In a news release, EWSI says it recently implemented an acquisition strategy designed to create a globally integrated business and to unify the waste electrical and electronic equipment (WEEE) industry. The company says it is pursuing businesses facing regulatory and other mandates governing the handling of electronic scrap.
Martin Nielson, EWSI chairman and CEO, says, "We are extremely pleased to announce the signing of this agreement and are honored by the prospect of working with George Pardos and his team at Tech Disposal Inc. We believe that George's extensive experience in this industry, superior customer base and prime location in the Midwest will be a great complement to our business, which will increase our direct access to half of the U.S. population."
Pardos, founder and CEO of Tech Disposal, says, "We are very pleased to have reached this agreement with E-Waste Systems. We share the commitment that EWSI has to this industry and believe in their strategy to provide fully integrated end-of-life solutions for managing electronics. We expect to be able to grow our business at a much faster rate by being part of the EWSI team, and will be working hard with the team to finalize this deal so we can take advantage of the opportunities ahead."