TOMRA has entered into an agreement to acquire all of the assets of C&C Consolidated Holdings, LLC, which through its subsidiaries is a leading provider of “bag drop” solutions for collection and processing of beverage containers in the United States, operating under the CLYNK brand.
Bag drop is a convenient collection method whereby consumers can drop off entire bags of empty beverage containers at collection points and have their deposit refunded. It is a well-established and popular complement to reverse vending machines and redemption centers in North America with strong growth potential.
“We are excited to welcome this new member of the TOMRA family. This acquisition not only strengthens our position in the North American market but also enhances our ability to provide innovative and convenient recycling solutions to consumers. The integration of C&C’s bag drop technology with TOMRA’s existing infrastructure will create significant synergies and drive additional growth. We look forward to leveraging C&C’s expertise to further our mission of leading the resource revolution,” says Marius Fraurud, EVP TOMRA Collection.
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Author: Cision News