Colt Refining’s technology and refining process is expected to help WMRP further improve the range of services offered while reducing overall operational costs.

The acquisition also enhances the joint company’s footprint and competitive position, allowing an expanded service area for their clients, th company added. As Colt Refining expands their services in the Capital District, more employment positions will be added.

Peter Muscanelli, president of WMRP, said: ”New York’s Tech Valley is exploding with growth, and we’ll continue to be here for our clients to recycle their end-of-life electronics.

”This acquisition enables WMRP to better serve our clients by offering a complete in-house process for the materials we handle.

”Colt’s fully auditable shredding and separation technology, coupled with their precious metal refining capabilities provides a platform for us to increase our service offerings and expand the business in the region.”