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August 8, 2013
The acquisition for the New York-based Highlight Networks gives the company electronic waste recycling facilities on the west and east coasts and in Galion, Ohio, according to a news release. Highlight Networks said the Chicago-based Acme will contribute more than $9 million in gross revenue in 2014.
"This augments our current operations and industry relationships,” said Danny Mendelson, Highlight Networks executive. “Together our companies will have enhanced resources to compete aggressively in the market.”
Highlight Networks does recycling, refining, metals trading and asset recovery, with a focus on precious metals refining from electronic waste.
The company expects the deal to close in less than 90 days.
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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