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GlyEco buys Antifreeze Recycling Inc. as part of plan to start new recycling sector

Published Nov. 2, 2012
By
Shauna Blackmon Contributor
The Lane Team

Dive summary:

  • GlyEco Inc. has closed on its asset purchase of Antifreeze Recycling Inc. as part of a buy up of seven existing, recyclers.
  • GlyEco wants to start a market to recycle waste glycol for HVAC, textiles, airlines and medical companies, most of which currently have no recycling option for their hazardous waste.
  • Antifreeze Recycling employees will continue day-to-day operations and increase production in the upcoming years.

From the press release:

GlyEco, Inc. (OTCBB: GLYE)(OTCQB: GLYE), the inventors of cutting-edge technology for cleaning waste glycol, today announced it has closed on its asset purchase of Antifreeze Recycling, Inc. Antifreeze Recycling, Inc. is an industry leader in the recycling of waste automotive coolant, and is based in Tea, SD. The transaction closed on October 26, 2012 and is expected to be immediately accretive. ...
 

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