TerraCycle announces record expansion, revenue

Trenton-based TerraCycle, a company known for “recycling-the-unrecyclable,” announced record expansion and revenue growth.

The last 15 months have been the most successful in the company’s history, TerraCycle said.

TerraCycle collects and repurposes waste streams and creates new waste management processes.

Over the past 15 months, TerraCycle:

  • Acquired Air Cycle, a Chicago-based waste company based in Chicago;
  • Was qualified by the U.S. Securities and Exchange Commission to issue shares in its $25 million Regulation A offering, allowing any category of investor to invest in TerraCycle;
  • Increased staff by 50 percent with the hiring of 70 people globally;
  • Created nearly 30 new partner relationships;
  • Created a supply chain for ocean plastic and worked with Head & Shoulders to develop a fully recyclable shampoo bottle made from recycled beach plastic;
  • Was the recipient of nearly 20 awards.

“TerraCycle owes its tremendous success to the hard work, ingenuity and enthusiasm of our dedicated staff,” said Tom Szaky, CEO and president of TerraCycle. “Our record-breaking growth will pave the way for new initiatives in 2018 and 2019; initiatives that include additional solutions to the immense problem of marine plastic and something we believe will change the way consumers view their everyday household products.”