Dive Summary:
- Surf Investments Ltd. will cease operations immediately and be renamed E-Waste Systems.
- E-Waste Systems, Inc. is an electronic waste management services, technology and reverse logistics company and anticipates the addition of $1 million in yearly revenue from the acquisition.
- The closing and rebranding of Surf Acquisition is an opportunity to expand the E-Waste Inc.'s operations to a larger market and increase its processing capabilities.
From the article:
"Surf was founded in southern California by Julie Peterson, to provide technology products and services, including repair and recycling of electronics."
"Discarded electronics remain the fastest growing segment of the municipal waste stream and are regulated under California's Electronic Waste Recycling Act of 2003..."
"All employees will be retained and EWSI intends to use the Irvine unit as an operational hub for Southern California and strategic center for the management of its USA and global branded operations."
