- NSRI to acquire Mulch Manufacturing, 35-year-old industry leader, innovator
- Acquisition provides National Storm Recovery with larger presence in mulch industry
- Companies share same vision, commitment to provide environmentally friendly products to the public
A provider of tree services, debris hauling, removal and biomass recycling, manufacturing, packaging and sales of next-generation mulch products, National Storm Recovery Inc. (OTC: NSRI) has solidified its commitment to create a sustainable green team with the recent acquisition of Mulch Manufacturing (http://nnw.fm/S0fTe). The acquisition comes after months of negotiation and provides NSRI with a much larger presence in the mulch industry.
“With Mulch Manufacturing’s national and international distribution, its sales contracts with many big box retailers and the increase in production and packaging capacity it provides, this strategic acquisition has positioned us as the Sustainable Green Team,” NSRI CEO Tony Raynor stated in a news release.
The National Storm Recovery team identified the substantial synergies and benefits that could come from the acquisition, which is structured as a share exchange, some time ago, and has invested a great deal of time and effort on finalizing the agreement. Based in Ohio, Mulch Manufacturing is a 35-year-old industry leader and innovator.
“This business combination has created an industry powerhouse, and with our combined strengths, puts us in an ideal position to increase our sales and resulting margins, as our combined operations benefit from the resulting vertical integration and economies of scale,” added Mulch Manufacturing CEO Ralph Spencer. “Not only does this transaction make good economic sense, but we both share the same vision and commitment of providing environmentally friendly products to the public, such as Softscape, our next-generation mulch product.
“The importance of our shared belief that we are ‘stewards of the environment’ should not be understated,” Spencer continued. “National Storm’s strategic partnership with one of the largest waste disposal companies in the country doesn’t just drive revenue while it secures mulch feedstock, the use of this feedstock has the environmental benefit of decreasing the volume of material that would otherwise continue to fill our nation’s landfills, and these are just three more examples of why this business combination makes so much sense.”
Mulch Manufacturing is one of the largest producers of packaged mulch products in the country. The company harvests raw materials, processes the mulch at several locations, and distributes it through mass merchandisers as well as small independent retailers.
National Storm Recovery is commited to providing a solution for the treatment and handling of tree debris that has historically been disposed of in landfills, creating an environmental burden and pressure on disposal sites around the nation. NSRI and its Sustainable Green Team’s solutions are founded in sustainability, based on vertically integrated operations that begin with collecting of tree debris through its tree-services division and collection sites, then continued through its processing division, recycling and using that tree debris as a feedstock that is manufactured into a variety of organic, attractive, next-generation mulch products that are packaged and sold to landscapers, installers and garden centers.
The company plans to expand its operations through a combination of organic growth and strategic acquisitions that are both accretive to earnings and positioned for rapid growth from the resulting synergistic opportunities identified. NSRI’s customers include governmental, residential and commercial customers as well as big-box retailers.
For more information, visit the company’s website at www.NationalArborCare.com
NOTE TO INVESTORS: The latest news and updates relating to NSRI are available in the company’s newsroom at http://nnw.fm/NSRI
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