Acquisition of prominent US e-scrap processor Round2

USA – Leading electronics recycler ROUND2 INC. will become part of Avnet Integrated Resources, which provides reverse logistics and after-market services to the global technology industry.

The acquisition has been approved by the Boards of Directors of both US companies and is subject to the approval of the shareholders of ROUND2, as well as customary closing conditions.

Randy Weiss, ROUND2’s President and CEO:  ‘Avnet has demonstrated strength, leadership, and integrity in their competitive markets and I expect this transaction to provide long-term stability and creative growth channels for our clients. I look forward to working closely with the Avnet Integrated Resources team to create a world-class reverse logistics solution.’

Avnet is an industrial distributor of electronic components, enterprise computer and storage products and embedded subsystems. ‘With ROUND2’s strong presence and capabilities in e-waste disposal, coupled with our existing businesses and recently announced acquisitions, we will be able to  offer call centre services, repair and refurbishment services including complex repairs, and environmentally responsible disposal of those assets that no longer have usability as these companies are integrated into Avnet,’  stated Steve Church, President, Avnet Integrated Resources.