Creative Recycling Systems, Intersection LLC Sign Recapitalization, Strategic Deal

Creative Recycling Systems (CRS), Tampa, Fla., has signed a recapitalization and strategic partnership with Intersection LLC, Westport, Conn. Intersection will provide capital that will allow the electronics recycling company to expand its operations.

CRS, which has been in business for 18 years, supplies companies, government agencies, nonprofit organizations, educational institutions and other clients solutions for electronic equipment reuse and recycling.

“The Creative Recycling team has dedicated heart and soul over the last 18 years to build a world-class IT asset management and electronics recycling company,” says Jon Yob, CRS CEO. “We are so excited to partner with the Intersection team to scale our platform globally. Intersection has tremendous relevant experience, will be excellent partners for Creative and they share a similar passion for excellence in environmental stewardship. Our future together will be rewarding, exciting and fun.”

Rich Rakowski, principal at Intersection, adds, “We have been exploring, engaging and committing ourselves to the electronics recycling market for quite some time through the collaboration with a true market-making partner. We have found such a partner in CRS and feel privileged to engage in the growth journey with the CRS team.”

In related news, CRS, along with GreenRock Rare Earth Recovery Corp., has acquired BluBox Rare Earth Processing Technology, a system designed to recover heavy rare-earth elements from electronic scrap. The technology is already in use in Europe.

BluBox was manufactured by Bluebox Trading AG, a Swiss company. According to the arrangement, GreenRock has the exclusive rights to the technology in the United States.

“GreenRock and Creative Recycling are making a significant investment in world leading technology, bringing true e-cycling solutions to the US,” Yob says. We are very excited about our new technology’s ability to address a major challenge of the electronics recycling industry, the processing and recovery of these strategically important rare earth materials.”