National Storm Recovery Inc. announces聽that after identifying the significant synergies and strategic benefits involved, as well as months of negotiations, it has acquired the 35-year old industry leader and innovator, Mulch Manufacturing, Inc., an Ohio corporation. 聽聽This acquisition, structured as a share exchange, provides the Company with a significantly larger footprint in the mulch industry. 鈥淲ith Mulch Manufacturing鈥檚 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,鈥� the Company鈥檚 CEO, Tony Raynor, stated.聽 聽Mulch Manufacturing鈥檚 CEO, Ralph Spencer continued, 鈥淭his 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.鈥�
鈥淣ot 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 鈥渟tewards of the environment鈥� should not be understated. National Storm鈥檚 strategic partnership with one of the largest waste disposal companies in the country doesn鈥檛 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鈥檚 landfills聽and these are just three more examples of why this business combination makes so much sense,鈥� Spencer added.