E-Waste Systems completes acquisition of Tech Disposal

E-Waste Systems, Inc. has signed a definitive agreement to purchase Tech Disposal, Inc., an electronic waste recycler and asset recovery specialist, based in Ohio. E-Waste Systems, Inc. (EWSI) has developed an acquisition strategy designed to create what it hopes will be an integrated business that unifies the rapidly emerging Waste Electrical and Electronic Equipment industry.

This acquisition, if consummated, will be a component of EWSI’s plans to acquire what it believes are a select number of quality companies led by capable management teams, which share a commitment to helping businesses achieve cost-effective and environmentally-responsible compliance with e-waste recycling and disposal requirements.

EWSI’s management believes that the location of Ohio is of paramount significance to this mutual agreement as the state, which is the seventh most populated in the nation, that according to Blumberg Associates generates over 200 million pounds of e-waste annually, while less than 20 percent is properly recycled. Due to these statistics, Ohio now has pending legislation regarding the lawful processing of e-waste. Should the bill pass into law, EWSI’s business plan is to prepare to support the state’s effort in handling the adequate disposal of e-waste.