Converted Organics acquires United Organic Products and Waste Recovery Industries 
Converted Organics Inc. has acquired the assets of United Organic Products, LLC of Gonzales, CA, as well as the assets, including the intellectual property, of Waste Recovery Industries, LLC of Paso Robles, CA.
These acquisitions make Converted Organics the owner of the proprietary technology of the High Temperature Liquid Composting (HTLC) system, which processes various biodegradable waste products into liquid and solid organic-based fertilizer and feed products. Converted Organics also acquired a leading liquid fertilizer product line, as well as a production facility that services a strong West Coast agribusiness customer base through established distribution channels.
The employees of United Organic Products, LLC will join Converted Organics, including Peter Townsley, Chief Executive of United Organic Products. Peter will join Converted Organics as Executive Vice President, Chief Technological Officer with responsibility for overseeing California operations, as well as product and process improvement and development.
United Organic Products has over 20 years of industry expertise. United Organic Products is affiliated with Waste Recovery Industries through a licensing agreement related to the HTLC system. Waste Recovery Industries has almost 30 years of experience in the area of microbial digestion and organic waste disposal solutions.
“The acquisition of United Organic Products and Waste Recovery Industries’ assets catapults Converted Organics into a leadership position within the organic fertilizer industry and facilitates our immediate entry into the liquid fertilizer market,” said Edward J. Gildea, President of Converted Organics Inc. “The HTLC system, a proven, state-of-the-art microbial digestion technology that has been successfully producing high-quality commercial products for more than ten years, will become an integral part of our business and future growth.”
“These strategic acquisitions position Converted Organics for exceptional, continued growth,” said Mr. Gildea. “Combining United Organic Products’ operational experience and Waste Recovery Industries’ unique technological expertise with Converted Organics’ sales, marketing, and project development strengths will enable Converted Organics to enter new markets and provide robust support for growth of the company.”
Last week, Converted Organics announced the execution of an Option to Lease agreement with the Rhode Island Resource Recovery Corporation (RIRRC) to build a state-of-the-art organic fertilizer facility in Johnston, RI. The agreement represents the second such contract secured by Converted Organics in two years; the company's first facility is under construction in Woodbridge, NJ.
Related categories: Biodegradable waste Environmental technology Companies news
