Ingram Micro Acquires Electronics Recycler

Ingram Micro, a Santa Ana, Calif.-based technology firm, has acquired CloudBlue Technologies Inc., an electronics recycling firm based in Norcross, Ga. CloudBlue, founded in 2008, services more than 1,000 customers.

Ingram Micro says CloudBlue will operate as a wholly owned subsidiary. Ken Beyer, former CEO and co-founder of CloudBlue, has been named vice president of Ingram Micro and president of CloudBlue. He will report directly to Robert Gifford, Ingram Micro executive vice president, global logistics. 

"Today, data security and environmental responsibility are at the forefront of corporate priorities," says Alain Monié, Ingram Micro president and CEO. "The addition of CloudBlue to Ingram Micro allows us to meaningfully expand our supply chain solutions portfolio with a full suite of in-demand services that reduce the risk, cost and complexity associated with securely managing IT assets and consumer electronics throughout their lifecycle in compliance with environmental and data security regulations."

Monié continues, "CloudBlue services a rapidly growing, higher-value market, which we expect will help accelerate the expansion of our supply chain solutions businesses across the globe.

"In addition to cross-sell opportunities into Ingram Micro's OEM partners and existing base of more than 200,000 customers, we expect to benefit from new revenue opportunities within CloudBlue's existing blue chip customer base, given our global reach. This is an excellent complement to our supply chain services business and we welcome CloudBlue's associates, partners and customers to the Ingram Micro family,” Monié adds.

"We are excited to join Ingram Micro and believe this combination will benefit CloudBlue employees, customers and partners alike," says Beyer. "Ingram Micro recognizes the importance of cultivating a welcoming and dynamic workplace and their culture and vision for the tremendous opportunity to provide a full suite of supply chain services worldwide is well aligned with CloudBlue's. We believe we can leverage Ingram Micro's global footprint and strong reputation to significantly accelerate our growth, and we look forward to contributing to their strategic goal of expanding the company's portfolio of higher-margin, value-added business services."