Arrow to buy TechTurn

By Henry Leineweber, Resource Recycling

Multinational electronics component supplier Arrow Electronics, Inc. has announced its intention to purchase Austin, Texas-based e-scrap recycling company, TechTurn.

Financial terms of the arrangement were not disclosed, pending final approval of the sale. TechTurn employs 135 in facilities Austin and Ashland, Virgina, specializing in data security, refurbishment, recycling and asset management. The company expects sales to exceed $50 million in 2012.

TechTurn will most likely be incorporated into Resolve, Arrow's reverse logistics and asset management firm, created a year ago following the company's acquisitions of Converge and Intechra. Some consolidation is likely under this scenario. While the three companies acquired by Arrow have a combined nine facilities between them, TechTurn's Austin facility could potentially overlap with the previously purchased Intechra's facility in Carrollton, Texas – located north of Dallas.

Requests for comment to Arrow and TechTurn were not returned by press time.

To return to the newsletter, click here