Recycle Track Systems Acquires Industrial Organic PBC (Ambrosia)
October 26, 2020
Recycle Track Systems (RTS) acquired Industrial Organic PBC (dba Ambrosia), adding Ambrosia’s closed-loop manufacturing capabilities, patents and the Veles consumer cleaning product to RTS’s sustainability and materials-management platform. The deal includes Ambrosia’s 12,000 sq ft production facility in Newark, New Jersey and will enable RTS to scale circular processing and product offerings across its client base.
- Buyers
- Recycle Track Systems, Inc.
- Targets
- Industrial Organic PBC (dba Ambrosia)
- Industry
- Environmental Services
- Location
- New York, United States
- Transaction Type
- Buyout
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