Greybull Stewardship Acquires RTCM Holdings (Reclaimed Textile & Garment Recycling Companies)
October 17, 2023
Greybull Stewardship, a U.S.-based private investment firm, has acquired RTCM Holdings, a family of reclaimed textile recycling and distribution businesses that includes Reclaimed Industrial Cleaning Clothes, Recycled Shoes & Clothing and World Wear Project. Greybull named Craig McAndrews CEO of RTCM and plans to scale the business by entering new markets and investing in automation and sales/ procurement capabilities; financial terms were not disclosed.
- Buyers
- Greybull Stewardship
- Targets
- RTCM Holdings
- Sellers
- Charity Shoes and Clothing, Reclaimed Textiles and Co., World Wear Project
- Industry
- Environmental Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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