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Tomra sells Calif. recycling arm for $25M.

Authors :
Fitzgerald, Daniel
Source :
Metal Bulletin Magazine; 2/13/2012, Issue 9238, p14-14, 1p
Publication Year :
2012

Abstract

The article reports that reverse vending machine maker Tomra Systems ASA has decided to sell its West Coast used beverage container (UBC) recycling arm in California for $25 million to rePlanet LLC. According to Tomra's chief financial officer Espen Gunderson, Tomra Pacific is mainly a big logistic operation with limited use of technology. It notes that Tomra will change its remaining materials handling division into a collection technology unit.

Subjects

Subjects :
BEVERAGE container recycling

Details

Language :
English
ISSN :
00260533
Issue :
9238
Database :
Complementary Index
Journal :
Metal Bulletin Magazine
Publication Type :
Periodical
Accession number :
82235888