Amazon Environmental, Inc. Announces Strategic Partnership with Envirosystems USA, Inc. a Subsidiary of Envirosystems, Inc. of Canada.
Amazon Environmental, Inc., the largest latex paint recycling company in the United States, announced today that Envirosystems has made a significant investment in the company. Envirosystems, a privately held corporation that specializes in development of high growth potential companies, is the owner of HOTZ Environmental Services Inc., the largest paint recycling company in` Canada.
“Envirosystems will provide the capital and expertise needed to ensure that Amazon and Hotz Environmental are prepared to meet the rapid growth in the demand for paint recycling services in the US and Canada. Together, our companies will continue to be the leaders in paint recycling in North America” ”, said Lorraine Segala, founder and CEO of Amazon Environmental. Ms. Segala will continue in her role as CEO, while her brother, John Segala, will continue as President. There will be no change in daily management of the company.
Experts predict that within five years the volume of paint collected in the United States will increase up to tenfold. The increase in paint collection will result from the success of the Paint Product Stewardship Initiative. Paint Product Stewardship is the collaboration between paint manufacturers, government agencies, retailers and recyclers. Paint manufacturers are taking the financial and organizational responsibility to collect and recycle or properly dispose of leftover paint. This huge increase in the collection of old paint will require new processing facilities, new markets and the development of new products in order to properly handle all of the paint that is collected. `
Amazon and Hotz Environmental both reprocess reusable paint into a high quality, recycled content latex paint. Currently, Amazon sells primarily to the domestic US market, while Hotz specializes in the export of paint to numerous customers around the world. The expertise of Hotz in exporting paint will be an asset to Amazon as the amount of paint available for recycling increases in the US. According to Wally Kiczma, Chief Operating Officer of Hotz, “there is a huge worldwide demand for quality paint products, and Hotz has the experience to help Amazon tap that market”
The benefits work both ways. Amazon currently holds patents on proprietary processes for remanufacturing unusable paint into viable new products, such as an alternative raw material used in the manufacture of Portland cement. By bringing Amazon and Hotz together, the number of recycling options available to both companies is increased. In addition, the financial strength of Envirosystems will allow Amazon to expand and meet the demands of the growing paint recycling industry.
Contact:
Amazon Environmental, Inc.
779 Palmyrita Avenue
Riverside, CA 92507
Phone: (951) 588-0206
