Wall Recycling, LLC, a premier provider of waste and recycling solutions, announced the sale of its scrap metal recycling operation (the Scrap Metal Division) to Foss Recycling. The transaction allows Wall Recycling to strategically focus on its core integrated waste operations. Financial terms of the transaction were not disclosed.
Dustin Hill, Chief Operating Officer of Wall Recycling, stated, “This transaction is a win-win. Wall Recycling remains committed to being the premier provider of waste and environmental services in North Carolinaand can now dedicate more resources to our core and growing integrated waste operations. At the same time, we believe the Scrap Metal Division will continue to thrive under the new ownership of Foss Recycling, leveraging its expertise and resources to further expand its reach and capabilities for the benefit of its customers.
“We are proud of our legacy and reputation as a trusted leader in the recycling industry, and we extend our gratitude to the employees, customers, and stakeholders associated with the Scrap Metal Division for their dedication and support over the years,” Mr. Hill continued. “All parties are committed to ensuring a seamless transition.”
Wall Recycling is backed by industrial-focused private equity firm Allied Industrial Partners. The Company plans to be acquisitive and will look to build upon its strong waste platform while maintaining its leadership in the North Carolina market. “We are proud to support the Company in this important transaction,” said Bradford Rossi and Philip Wright, Managing Partners of Allied. “This is a significant and strategic step in Wall Recycling’s evolution and positions the Company for its next phase of growth.”