Newell Recycling And Blaze Recycling Merge

摘要

East Point, Georgia based Newell Recycling of Georgia, LLC reported that it has entered into a definitive merger agreement with Norcross, Georgia based Blaze Recycling & Metals, LLC. The transaction is subject to customary closing conditions and is expected to close in August, 2014. The combined company will be named Newell Recycling Southeast. "We are very excited about the future of these two great companies together," said Sharon Newell Shirley, Chief Executive Officer of Newell. "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. Once combined, the geographic breadth of our 22 facilities, significant logistics savings, efficiencies from specializing our assets, and the knowledge base of our industry leading employees will be unparalleled in the Southeastern region."