Date: August 1, 2011
Source: Waste Management Inc.
Waste Management's (Houston, TX) subsidiary WM Recycle America announced that it has acquired an e-waste recycling company Access Computer Products Inc. and its partner Mordell LLC, both based in Loveland, CO. Access Computer acquires and markets used electronics. Mordell refurbishes and sells used computer equipment obtained through Access and other third party suppliers. Rapidly changing technology and consumer demand for new gadgets makes e-waste one of the fastest growing waste streams. Because used equipment contains some hazardous materials, twenty-six states have mandated e-waste recycling programs to help keep them out of landfills. It is estimated that e-waste recovery constitutes a $5- billion-a-year industry, which employs more than 30,000 full-time workers in the U.S. and which collected and processed over 3.5 million tons of used and end-of-life electronics equipment in 2010, up from 1.8 million tons in 2009.
The acquisition dovetails with Waste Management's overall strategy to offer its customers a broad array of waste solutions that also helps them achieve their sustainability goals. Waste Management has its own sustainability goal of tripling the amount of material it recycles to 20 million tons by 2020.
Terms of the deal were not disclosed.
August 01, 2011
Waste Management Announces Acquisition of Consumer Electronics Remarketing and Recycling Companies
Waste Management Recycle America strengthens its position as the leader in ecycling with purchase of Access Computer Products, Inc. and Mordell, LLC.
WM Recycle America, L.L.C., a subsidiary of Waste Management Inc. (NYSE: WM), the largest waste services and residential recycling company in North America, today announced it has acquired Access Computer Products, Inc., a leading provider of cell phone, ink and toner cartridge, and consumer electronics reverse logistics, remarketing, and recycling services. Mordell, LLC, a re-commerce partner responsible for refurbishing and selling used computer equipment obtained through Access and other third party suppliers was also acquired by WM Recycle America.
The acquisition of the Loveland, CO-based Access Computer Products will further strengthen Waste Management's position as a leader in the recycling of e-waste which is one of the fastest growing commodities in the waste stream. Consumers will gain access to Waste Management's recycling and reuse program. For additional information and pricing please visit www.mordell.net.
"Waste Management is committed to providing solutions to our customers for managing their electronic waste", said Pat DeRueda, president of WM Recycle America. "This acquisition will expand Waste Management's presence in the growing electronics recycling and re-commerce market and provide an additional high value service to our customers."
Electronics recycling is a fast-growing industry that creates high-paying, green jobs. Twenty-six states have mandated e-waste recycling programs and consumers increasingly trade up to newer models of mobile phones, computers, and other consumer electronics. According to the 2011 Electronics Recycling Industry Survey®, the US electronics recycling industry continues to show tremendous growth and strong domestic capacity.
The $5- billion-a-year industry, which employs more than 30,000 full-time workers in the U.S., collected and processed over 3.5 million tons of used and end-of-life electronics equipment in 2010, up from 1.8 million tons in 2009.
"Waste Management is committed to maximizing the value of the components in electronic materials as well as other materials it manages," added DeRueda.
This acquisition complements WM's other ecycling operations and will contribute to Waste Management's sustainability goal of tripling the amount of material it recycles to 20 million tons by 2020.
The terms of the deal were not disclosed.
About Waste Management
Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also the largest residential recycler and a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. The company's customers include residential, commercial, industrial, and municipal customers throughout North America. To learn more information about Waste Management visit www.wm.com or www.thinkgreen.com.
WM Recycle America is a subsidiary of Waste Management and is the largest residential recycler in North America. WM Recycle America's business lines include processing many types of consumer-generated recyclables and finding the best markets for the recyclable commodities produced. In its capacity of providing processing and marketing services, WM Recycle America offers a wide variety of recycling options for municipal, manufacturing, commercial and residential customers.