Sims Acquires Global Investment Recovery, Inc.
Sims Group Limited on Oct. 7 announced that it had acquired Global Investment Recovery, Inc. (GIR), a leading U.S. e-scrap recycler and asset recovery specialist based in Tampa, Fla.
GIR was founded in 1992 and is a multi-state service provider, with operating facilities in Florida, South Carolina, Nevada, Louisiana, and Arizona. The acquisition will increase Sims' North American electronics recycling and asset recovery market presence by approximately 40 percent, consolidating its market leading position.
GIR's service offering extends to recycling (including reverse logistics, recycling of excess inventories, and obsolete parts), asset management services (including testing, repair and reuse, secure on-site shredding, and separation and destruction of hard drive data to military specifications) and customized reporting and certification.
Jeremy Sutcliffe, Sims' executive director said: "The GIR acquisition is a tremendous addition to Sims Recycling Solutions' North American business and will be a significant contributor to our growth strategy in the region."