Newell Recycling to Merge with Blaze Recycling & Metals
Press release from the issuing company
Wednesday, July 30th, 2014
Newell Recycling of Georgia, LLC announced today it has entered into a definitive merger agreement with 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."
"This is a great transaction for both companies," said Cary Grossman, Interim Chief Executive Officer of Blaze. "Becoming part of the Newell family will provide tremendous opportunities for our employees in a larger and growing enterprise."