GlyEco, Inc. (GLYE) = Execute, Execute, Execute: Finalizes Two ACCRETIVE Acquisitions
What does Antifreeze Recycling, Inc. and Renew Resources, LLC. have in common? On October 26th, they will both become official members of the GlyEco family.
More important—they like all the GLYE glycol recycling industry consolidations are accretive to the GLYE income statement NOW.
Also important...as the GLYE glycol recycling technology is installed at the plants...they will be able to substantially expand their recycling capacity AND be able to upgrade the recycled glycol to “Tier 1” levels...the most valued and least available recycled glycol outcome.
Refresher on GlyEco: it’s a green chemistry company with a patent-pending technology for recycling polluted glycols to a purity level equal to refinery-produced material. GlyEco Technology™ has the unique ability to clean polluted glycols from all five waste producing industries: HVAC, Textiles, Automotive, Airline and Medical.
GLYE’s rapid expansion comes from a consolidation strategy acquiring the assets of existing, profitable glycol recycling businesses. The Company believes each facility can increase market penetration exponentially by leveraging GlyEco Technology's improved processes and the ability to process additional types of waste glycol.
About Glycol Recycling
Recycling waste glycols presents an inventive solution to supply shortages and increasing costs for refinery-produced material. Global consumption for refinery produced ethylene glycol is over 5.5 Billion gallons per year and climbing. GlyEco Technology™ is uniquely able to process all five sources of waste glycols, opening new avenues of supply. With proper handling, glycols can be recycled and reused indefinitely, creating the opportunity to utilize this valuable material as a predominately sustainable resource.
GLYE continues to execute, execute execute....
NOW if they will get their follow-on financing done...we can UPDATE our research report!
Here are the latest press releases:
GlyEco Completes Asset Purchase Agreement with Antifreeze Recycling, Inc.
GlyEco Completes Asset Purchase Agreement with Renew Resources, LLC.
About the Author
Founder and Editor-in-Chief NBTEquitiesResearch.com. Contributor and Anchor Fox News Channel and Fox Business Network. Chairman & CEO NBT Group,Inc., a boutique private capital investment bank and investor relations organization.
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