An article in a recent Resource Recycling newsletter caught my eye since it talks about a major recycling company located in Austin, a company which many of you may be aware of. And has joined forces with another company. “The CEO of Balcones Resources says having Closed Loop Partners as its majority owner will help drive the recycling company’s growth, including expansion of its footprint,” the article begins. He mentioned Balcones was looking at expansion opportunities not only in other parts of Texas, but also in the rest of the United States. He felt now being associated with the Closed Loop Partners not only gave their company more credibility but also more publicity. The deal with Closed Loop Partners was finalized on Oct. 1 with their deal to purchase 80% of Balcones’ stock. It was Closed Loop Partners first acquisition, but they have future plans for more.
Balcones Resources has Texas facilities in Austin and Dallas and another in Little Rock, Arkansas. It provides a number of recycling and related services; including materials collection and document destruction.
I found it recently did a $6 million retrofit of its Austin materials recovery facility, which handles the city’s residential material. Included in this project was installing optical sorters and robots.
