GTSO Resources to Buy E-Waste Recycling Firm

Allan Gerlat, News Editor

September 10, 2012

1 Min Read
GTSO Resources to Buy E-Waste Recycling Firm

GTSO Resources has agreed to buy Global Cellphone Buyers, an electronic waste recycling company, for an undisclosed amount.

The San Jose, Calif.-based mining subsidiary of Green Technology Solutions Inc. said in a news release that the acquisition of the Brooklyn, N.Y.-based Global Cellphone “could potentially allow GTSO to optimize recovery of gold, lithium, rare earths and other elements from unwanted cell phones that would otherwise end up in the trash,” according to GTSO CEO Paul Watson.

“As the prices for these minerals continue to explode, we believe acquiring this company could become a very lucrative option for GTSO,” he added.

Watson said cell phones are discarded more frequently than any other potential e-waste, lasting an average of only 18 months.

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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