Two family-owned businesses serving the New Jersey community have merged.
Solterra Recycling Solutions, founded in 2014, is a non-hazardous solid waste, organic waste and recycling collection provider serving residential and commercial customers throughout the central New Jersey and the Philadelphia market.
The Solterra acquisition will build on IWS’ existing collection and processing operations within the central and southern New Jersey area. The expansion will also allow IWS to reduce vehicle miles traveled and GHG emissions by leveraging its waste-by-rail disposal network and facilities.
“Our teams share a similar culture and mission — we seek to forge relationships between customers, the environment and technology to create a more sustainable future for our region,” Ed Apuzzi, CEO of Solterra, said. “Combining our operations gives us the benefit of IWS’ state-of-the-art recycling facilities and vertical integrated operations, while remaining a locally owned and -operated business.”
“We have known the leadership team at Solterra for many years and are thrilled to join forces,” Mike DiBella, CEO of IWS, said. “We extend a warm welcome to nearly 300 Solterra employees and look forward to providing Solterra’s customers the same seamless service.”
Solterra Recycling Solutions was advised by Houlihan Lokey.