“This acquisition marks an important step in our growth and diversification strategies,” said TerraCycle CEO Tom Szaky. “Adding Air Cycle to TerraCycle’s core business means that we can now offer, for the first time, the collection and recycling of products mandated for disposal by federal regulations, in addition to the voluntary programs we’ve had for over 10 years.”
Air Cycle will join Trenton-based TerraCycle’s Regulated Waste business unit and will operate as a wholly-owned subsidiary of TerraCycle US Inc.
“Federal EPA regulations on fluorescent and mercury vapor lamps require nonresidential facilities to properly dispose of their lamps,” said Bobby Farris, general manager of TerraCycle Regulated Waste. “This acquisition puts the company in a unique position to meet those regulated waste needs, as well as offer our clients a vast range of other voluntary and customized recycling services.”