GlyEco, Inc. (Phoenix, Ariz.; www.glyeco.com) announced the completion of its previously announced acquisition by its subsidiary Recovery Solutions & Technologies Inc. (RS&T) of certain glycol distillation assets from Union Carbide Corporation, a wholly-owned subsidiary of The Dow Chemical Company (Midland, Mich.; www.dow.com), at Institute, West Virginia.
“We are pleased to have completed this acquisition, which is part of the broader transformation of GlyEco into a significant vertically integrated glycol solutions provider in North America,” said Ian Rhodes, GlyEco’s President and Chief Executive Officer. “We are excited about the future of our Company and the benefits the recently combined GlyEco and WEBA businesses and acquired glycol distillation assets will bring to our stakeholders.”