KT Capital Acquires Majority Interest in Recycling Equipment Incorporated

An offshoot of Atlanta-based KT Capital has obtained a majority stake in Recycling Equipment Incorporated (REI)

The deal, which was facilitated by Viking Mergers & Acquisitions, bolsters REI's growth and expansion efforts.

"We are extremely excited to be working with the talented and experienced REI team. We look forward to collaborating closely with the team, leveraging their deep expertise, while providing strategic resources to unlock new growth opportunities," Jim Tapp, Managing Partner of KT, commented in a statement.

He added that the acquisition provides synergies that will build on a mutual goal of offering "quality products and world-class services" for customers.

Financial terms of the transaction were not disclosed.

REI has been providing equipment solutions for recycling plastic, wood, and other essential materials since 1994. Its facilities in Newton, North Carolina, and Fort Worth, Texas, REI serves various industries, throughout the eastern and southern United States.

Source: Viking Mergers & Acquisitions