Majority owner of company transfers stake to Tennessee company.
The electronics recycling company AERC Recycling Solutions (AERC), Flanders, N.J., has announced that Robert Landmesser, founder and CEO of the company, has reached an agreement with Recycling Holdings LLC of Nashville, Tenn., to transfer his share of AERC stock to Recycling Holdings. The change in ownership will allow AERC to conduct business as usual, serve its customers and follow its course of pursuing new business opportunities to remain competitive in the marketplace and continuously improve the customer experience, the company says.
Prior to the transfer of his ownership stake to Recycling Holdings, made on Oct. 31, 2012, Landmesser was the single largest shareholder in the company.
Recycling Holdings and its affiliate have been involved with AERC throughout the past five years, the company says.
“This is a tremendous opportunity for AERC to continue its commitment in servicing its customers and providing excellent recycling options,"Landmesser says. "AERC has demonstrated to be an exemplary company over the past 22 years, with a continuous improvement business model and has helped thousands of companies, government agencies, universities, hospitals and individuals properly recycle. It has been a great honor to establish and lead this company throughout the years. I have high expectations for what AERC will achieve in the future."
AERC’s client base includes organizations in the financial services, real estate, property management, government, information technology, medical, pharmaceutical, education and retail industries. AERC specializes in providing full service solutions for end-of-life electronics, secure data destruction, asset management and universal waste.
The company owns and operates Com-Cycle electronics recycling facilities in Allentown, Pa.; Ashland, Va. West Melbourne, Fla.; Houston; and Hayward, Calif. Each of the facilities has been certified to R2/RIOS (Responsible Recycling Practices/Recycling Industry Operating Standard).