MTI Corp. acquires Metech.

MTI Corp. of Delaware has acquired electronics recycler Metech International, based in Mapleville, R.I.

According to a press release, Metech will continue to operate under its current name.

"Metech has the potential to become the leading e-waste recycling, asset management and precious metals recovery company in the United States," Sam Advani, president of MTI Corp., says. "The Metech management team has demonstrated great leadership, integrity and honesty during the course of their stewardship, and we look forward to working with them as we embark on a bold and ambitious plan for the company."

Metech will consolidate its precious metals services to its Gilroy, Calif., plant, which will result in some employee layoffs, Jim Gardner of Metech says. Additionally, the Rhode Island plant will relocate to Worcester, Mass., and will focus electronics recycling. The company says these changes will streamline operations and will facilitate future growth.

Gardner says Metech hopes to grow by forming formal partnerships with companies that agree to adhere to Metech's Accountable Resource Management (ARM) protocols and possibly by acquisition of other electronics recycling companies or other related businesses. "The ARM protocols are formalized and are based on mitigation of risk for our customers and co-workers and on ethical businesses practices," he adds.

At the time of the sale, John Koskinas, who had served as Metech's president, left the company.