Redemtech, a Columbus, Ohio-based electronic assets disposition company, has announced that it will be acquired by Arrow Electronics, based in Englewood, Colo. In addition to asset disposition, Redemtech, a subsidiary of Micro Electronics Inc., provides data erasure, refurbishing and electronics recycling services.
"Arrow is investing to create a truly global EAD platform and we are excited to join that effort," says Bob Houghton, Redemtech president and founder.
The acquisition is expected to close in this fall pending customary regulatory approvals.
In addition to Columbus, Redemtech operates facilities in Reno, Nev., and Richmond, Va.
Arrow Electronics provides products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
