Digital security

Sims Recycling Solutions expands ITAD services

Sims Recycling Solutions (SRS), with Americas headquarters in West Chicago, Illinois, has announced that it has expanded its IT asset disposition (ITAD) services in an effort to better meet the needs of its customer base.

The expanded services are part of the five-year strategic plan introduced by Sims Metal Management July 22, 2014.

SRS is a business of Sims Metal Management, with headquarters in New York and Sydney. The strategic plan outlines the restructuring of Sims Metal Management and SRS in response to changing demands in their respective markets.

SRS says it has “adapted and formalized business processes and capabilities to provide a single coordinated service delivery model for our global customers. These changes have enabled Sims to deliver a more tightly integrated and consistent service to customers with multiple locations.”

Sean Magann, vice president of sales and marketing for SRS, says, “We are continuing to align our short- and long-term strategies to coincide with the needs of our customers.”

Steve Skurnac, president of SRS, says, “Our knowledge of international markets and regulations allows us to protect our customers from fines, fees and penalties and more importantly adverse publicity in the responsible disposition of their assets,” Skurnac adds.

In 2014, SRS discontinued operations at several owned and operated facilities in Canada and United Kingdom that focused on recycling services for municipalities. Resources from these discontinued operations will be reinvested in supporting and growing the ITAD business, the company says.

 

Creative Recycling files for bankruptcy

Creative Recycling, a Tampa, Florida-based electronics recycler, has filed for bankruptcy protection and is looking at suitors, according to an article in the Tampa Bay Business Journal.

Robert Swett is the receiver and chief restructuring officer in the Creative Recycling Systems Chapter 11 bankruptcy case. He also is managing partner with Robert Swett Consulting LLC, a Florida-based business consulting group that specializes in turnarounds, crisis management and financial solutions.

The Tampa Bay Business Journal article dated Sept. 8, 2014, notes that Swett has found three “interested strategic buyers” for Creative Recycling’s assets:

  • Colt Refinery & Recycling, based in New Hampshire, which processes more than 20 million pounds of electronic material each year;
  • Kuusakosi Recycling, which began converting CRT (cathode ray tube) glass to alternative daily cover at landfills earlier this year and has its U.S. headquarters in Plainfield, Illinois; and
  • CIMMA Recycling, based in Lakeland, Florida, which is backed by the appliance recycling firm JACO Recycling.

Creative Recycling also has three unnamed private equity groups interested as financial investors, according to the article.

 

Redemtech co-founders create Sage SE

Robert Houghton and Jill Vask, two electronics recycling sector veterans, have formed an IT asset disposition (ITAD) and refurbishing company called Sage Sustainable Electronics LLC, headquartered in Columbus, Ohio. The company says it will have a processing facility at its Columbus headquarters and processing operations on the East and West coasts.

In 1998, Vask and Houghton co-founded Redemtech, a two-time Gartner Magic Quadrant leader in ITAD. Arrow Electronics bought Redemtech in 2012.

Houghton, CEO of Sage, says the electronics industry is neglecting reuse opportunities when IT assets are retired. “We’re reusing less and recycling more than ever before. Values for used electronics are falling. Ultimately, customers and the environment are paying the price.”

Houghton says the company’s business model is based on using innovative methods and up-to-the-minute technology to reuse more and recycle less of the material received, improving financial and environmental results for its customers.

“Our mission is to make the world more sustainable by creating longer life for used electronics,” says Vask, president of Sage. “Of course financial benefits accrue from improving wasteful practices, but there are also many social benefits from making low-cost refurbished electronics available to underserved low-income markets.

“By starting fresh, we’re able to innovate in ways we only dreamed of before,” she adds.

Sage says it plans to launch its national service Jan. 6, 2015.

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