MTI Corp. of Delaware has acquired electronics recycler Metech International, based in Mapleville, R.I.
According to a press release, Metech will continue to operate under its current name and will have access to additional resources to support sustained growth.
“Metech has the potential to become the leading e-waste recycling, asset management and precious metals recovery company in the United States,” Sam Advani, president of MTI Corp., says. “The Metech management team has demonstrated great leadership, integrity and honesty during the course of their stewardship, and we look forward to working with them as we embark on a old and ambitious plan for the company.”
Metech will consolidate precious metals services to its Gilroy, Calif., plant. Additionally, the company expects to expand its shredding capacity and other capabilities on the East Coast. The company says these changes will streamline operations and will facilitate future growth.
“Metech is uniquely positioned in the marketplace to deliver one-stop services to multinational corporations,” Advani says. “Our growth plan includes the acquisition of other recycler to create one of the largest and most diverse recycling companies in the United States. Our vision is to provide Accountable Resources Management solutions on a global basis.”Latest from Recycling Today
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