IMS Electronics Recycling, Inc. Acquired by Texas E-Scrap Firm
E-waste Recycling | 2018-11-07 05:29:37
The financial details of the transaction were not disclosed.
By Paul Ploumis
SEATTLE (Scrap Monster): Carrollton, Texas-headquartered IT Asset Disposition and E-Scrap Recycling Company, Transpere Corporation announced acquisition of IMS Electronics Recycling, Inc., previously owned by CP Group. The acquisition covers IMS’s two processing plants-one in Poway and the other in Columbus. The financial details of the transaction were not disclosed.
Announcing the completion of acquisition, Transpere Chairwoman Yulan Peng-Lewis noted that the acquisition will help the company to expand from its current location in Carrollton to facilities in Poway, California and Columbus, Ohio.
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Rick Lewis, CEO and President noted that the Transpere team is excited to bring IMS on board as the addition of California and Ohio locations are likely to significantly boost its nationwide market share. The acquisition will help Transpere to better serve its existing and new clients. Further, it provides immense opportunities to generate new relationships. Lewis said that the company will roll out a new software platform at all three sites in roughly six months, in order to track commodities from end-of-life device until final disposition. The new technology will lead the industry, Lewis added.
Meantime, CP Group, IMS’s parent company, noted that the exit from e-scrap processing sector will help the company to focus more energy and time on its core business.
Along with the acquired facilities, Transpere now has three locations, providing employment to nearly 150 people. The combined facilities offer a total processing capacity of approximately 50 million pounds per year. The company will provide both recycling and IT asset disposition services at its facilities. Further, the ac1quisition will not bring any operational change to either of the IMS sites. Also, the R2 certifications of these facilities will be retained under Transpere’s ownership.
This story originally appeared in www.resource-recycling.com
