SMM Division Acquires E-Structors
Sims Metal Management Ltd. (SMM), New York, through its Sims Recycling Solutions (SRS) electronics recycling division, with U.S. headquarters in Chicago, has acquired the assets of E-Structors Inc., based in Elkridge, Md. The company serves customers in Maryland, Virginia and Washington, D.C. In addition to electronics recycling, E-Structors provides document destruction services.
“With the acquisition of E-Structors, SRS continues to increase the size of its U.S. footprint,” says Steve Skurnac, president of SRS Americas, based in Chicago. “Having a location near Washington, D.C., will allow SRS to not only build on the great partnerships we have with federal agencies but more efficiently service our existing government agreements, including our five-year Department of Defense contract.”
E-Structors operates a 160,000-square-foot plant, processing more than 22 million pounds of material yearly.
Crossroads, Iron Mountain Sign Deal
Crossroads Systems Inc., an Austin, Texas-based provider of data protection solutions, has signed a number of agreements with Boston-based Iron Mountain Inc. that include up to $2.2 million in a nonrecurring engineering agreement and Iron Mountain’s $3 million investment in Crossroads. In addition, the two companies say they have agreed to explore the development of specific solutions using Crossroad’s StrongBox technology.
StrongBox is an enterprise-level archive solution that uses linear tape file system (LTFS) technology, featuring the scalability and economy of tape with the speed and accessibility of disk, according to the companies.
Richard Reese, Iron Mountain chairman and CEO, says, “Iron Mountain sees significant potential in partnering with Crossroads.” He adds, “We believe that the StrongBox archive will help bring down the costs of long-term data archiving for our customers and that combining StrongBox’ efficient use of tape technology with our industry leading off-site tape vaulting services will deliver tremendous value.”