Allan Gerlat, News Editor

August 30, 2012

1 Min Read
Arrow Electronics to Buy E-Waste, Recycling Firm Redemtech

Arrow Electronics Inc. will buy electronic waste and recycling company Redemtech for an undisclosed amount.

The Englewood, Colo.-based Arrow, which provides electronic products and services, will expand the company’s capabilities in electronics asset disposition (EAD) services with the purchase of Redemtech, the companies said in news releases.

The companies expect the deal to close in 60 days.

Columbus, Ohio-based Redemtech is a subsidiary of Micro Electronics Inc. Redemtech’s sales are expected to reach about $60 million this year, and the company employs approximately 400 in central Ohio; Reno, Nev.; and Richmond. Va.

"Arrow is investing to create a truly global EAD platform and we are excited to join that effort," said Redemtech president and founder Bob Houghton.

 “The acquisition of Redemtech further strengthens our industry-leading position in the EAD market and strategically expands our footprint and capabilities in this fast-growing market,” said Paul J. Reilly, executive vice president, finance and operations, and chief financial officer of Arrow Electronics.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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