Victor, New York-based EWASTE+ has acquired a Connecticut-headquartered e-scrap firm, growing the private equity-backed processor’s footprint in the Northeast.
EWASTE+ on June 12 announced its purchase of Take 2 Recycling, a Waterbury, Connecticut, electronics processor, integrating the Take 2 facility into its network of three existing facilities throughout New York. Financial terms of the acquisition were not released.
In a statement, EWASTE+ said the acquisition will expand both its physical footprint and its service capabilities.
“Our success is built on strong relationships and execution at the local level,” said Andrew Vermette, president of EWASTE+. “The Take 2 team brings both. They’ll be instrumental in helping us serve more clients, more effectively, across the Northeast and through our growing national accounts.”
Take 2 was founded in 2013, and has been a longtime participant in Connecticut’s state e-scrap program. It’s currently one of four approved recyclers in the program.
EWASTE+ launched in 1995 and currently operates New York facilities in Victor, Albany and Westchester. Three years ago, the company took on private equity investment from New Jersey-based Sidereal Capital Group. The capital was positioned as a tool to help grow the company’s footprint in the Northeast region. EWASTE+ remains a Sidereal portfolio investment, the firm’s only investment in the electronics recycling space.
