GlyEco, Inc. (GLYE) Announced Preliminary Agreement to Acquire Renew Resources, LLC
GlyEco yesterday announced that it has completed a preliminary agreement to acquire certain assets of Renew Resources, LLC, a leading provider of recycling services in Rock Hill, SC. Renew Resources is a privately held company that provides recycling services for multiple types of industrial waste, including antifreeze, used oil filters, e-scrap, light bulbs, plastics, and batteries. The company also provides a unique line of equipment used in changing automotive antifreeze. The transaction is scheduled to close July 31, 2012. Renew Resources services approximately 200 customers in the greater Charlotte, SC, area. Under the agreement, GlyEco will purchase certain assets of…