Anvet Buys Electronics Recycler Round2

Phoenix-based Anvet Inc. has bought electronics recycler Round2 Inc. for an undisclosed amount.

Round2 of Austin, Texas, provides commodity recycling, product disassembly and electronics testing and repair, with facilities in Coppell, Texas; Grove City, Ohio; and Atlanta. In 2010 Round2 reported revenue of about $40 million, Anvet said in a news release.

Avnet is a distributor of electronic components with revenue for fiscal year 2011 of $26.5 billion.

"The acquisition of Round2 Technologies is important to Avnet, as it complements our strategy to offer a total solution to the after-market services industry. With Round2's strong presence and capabilities in e-waste disposal, coupled with our other announced acquisitions, we can now offer call center services, repair and refurbishment, including complex repairs, and environmentally responsible disposal of those assets that no longer have usability," said Steve Church, president of Avnet Integrated Resources.