Newell Recycling has announced their merging with Blaze Recycling to form a new company named Newell Recycling Southeast.
The transaction is expected to close in August, 2014 and is subject to customary closing conditions.
Newell Recycling is the full-service metal recycler in Georgia whereas Blaze Recycling operates in the Southeastern United States.
Sharon Newell Shirley, CEO, Newell, commented on this decision, “This combination will strengthen and improve our ability to be the best service provider to our upstream and downstream customers and will improve the efficiency of our operations.”
After merging, the geographic breadth of 22 facilities owned by Newell including logistics savings, efficiencies from specializing the assets and the knowledge base of industry leading employees will be unparalleled in the Southeastern region.
A great transaction that will benefit both companies, becoming a part of Newell family will provide opportunities for Blaze employees to associate with a growing enterprise, said, Cary Grossman, Interim CEO, Blaze.
United States Environmental Protection Agency (EPA) oversees a variety of waste management issues. These include regulation of hazardous wastes, landfill regulations, and setting recycling goals.
According to United Nations Environment Program (UNEP) almost 2-3 percent of the municipal waste comprises of e-waste and out of which only 15-20 percent is recycled.