Mauser Packaging Solutions Announces Agreement to Acquire the Reconditioning Business
10 December 2018
Mauser Packaging Solutions, a leading global supplier of industrial rigid packaging products and services, entered into a definitive agreement to acquire the industrial container purchase, reconditioning and recycling assets currently owned by Incineration Recycling Services, Inc., Container Recyclers of Camden, Inc., Incineration Recycling of Texas LLC, Sustainable Decarbonization Services LLC, R&R Tire LLC, and Robert J. Fogel and Ronald J. Fogel, Jr., (hereafter collectively known as "IRS"). Terms of the transaction were not disclosed.
"IRS is the right partner for us at exactly the right time," said Charles Veniez, President, Mauser Packaging Solutions-Reconditioning. "We're excited to have the team join our Mauser Packaging Solutions organization. Their positions in the important Northeast U.S. and Texas markets perfectly complement our current product and service portfolio, while the de-carbonization business provides us with an exciting new pathway for our recycling services platform."
"Rob, our family and I would like to thank all of our IRS colleagues in New Jersey and Texas for all of their many years of service and dedication," Ron Fogel, co-owner of the companies said. "We share a special bond with our employees and customers alike, and by choosing Mauser Packaging Solutions as our partner for the future, we know the future of the enterprise is in good hands. A big thanks to all our customers for their many years of loyal support and the wonderful relationships created over the years, and we look forward to continuing to service you in the future."
Source: prnewswire.com