- 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://ibn.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://ibn.fm/NSRI
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