TAKES THE MONEY AND RUN …E.R.S. SELLS-OUT TO CLOVER CORP

[Anonymous]

http://www.therecycler.com/news/14785/Clover-Acquires-ERS.aspx?utm_medium=email&utm_campaign=Breaking+News+-+Clover+Acquires+ERS&utm_content=Breaking+News+-+Clover

E.R.S. SELL TONER & INK COLLECTION BUSINESS TO CLOVER  HOLDINGS
Clover Holdings Inc has acquired Environmental Reclamation Services (ERS). The move aims to advance the growth of Clover’s collection programmes and to meet market demand.According to a statement issued by Clover: “This acquisition advances Clover’s strategy to be the leader in environmental solutions and supports the diversification and growth of its collection programs including laser and inkjet cartridges, cell phones and small electronics.”Founded in 1990, and headquartered in Erie, Pennsylvania, ERS is a global provider of environmental solutions including the recycling and collection of printer supplies and small electronics. ERS will operate independently in the market and will continue to service its customers.

Jim Cerkleski, CEO of Clover Holdings, commented on the acquisition: “We are excited about this acquisition because it advances our diversification and growth strategy. We will continue to expand our collections programs and remanufacturing infrastructure as we diversify into new and emerging markets and drive our ‘recapture, remanufacture, remarket strategy.”Both companies will continue to operate independently in their respective markets but “will work together to leverage potential synergies in the future”.

http://www.therecycler.com/news/14785/Clover-Acquires-ERS.aspx?utm_medium=email&utm_campaign=Breaking+News+-+Clover+Acquires+ERS&utm_content=Breaking+News+-+Clover

[Author]

November 17, 2010 at 8:32 AM