Hugo Neu helps WeRecycle! to escape Chapter 11

Archiv – United States | WeRecycle! – a US company specialising in the recovery, management and environmentally responsible recycling of end-of-life electronics – has emerged from Chapter 11 restructuring after securing significant support from investment group Hugo Neu, which is now the largest shareholder in the company. United States | WeRecycle! – a US company specialising in the recovery, management and environmentally responsible recycling of end-of-life electronics – has emerged from Chapter 11 restructuring after securing significant support from investment group Hugo Neu, which is now the largest shareholder in the company.
According to WeRecycle!, the Hugo Neu Corporation has been an internationally recognised leader in recycling for more than 60 years. ’Hugo Neu will bring its considerable resources and expertise to help WeRecycle! LLC grow and expand,’ the company observes.
’This new investment by Hugo Neu Corporation will provide new opportunities to build upon our record of excellence in IT asset recovery and e-waste recycling,’ says Mick Schum, who remains as President of WeRecycle! LLC while Gina Chiarella will serve as Executive Vice President.
John L. Neu, Chairman of Hugo Neu Corporation, comments: ’In WeRecycle!, we saw an opportunity to make an investment in an electronic recycling company with a platform for growth and expansion. They have a proven commitment to the highest safety and environmental standards and business practices.’