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RECYCLE TRACK SYSTEMS ACCELERATES WASTE INDUSTRY REDESIGN WITH ACQUISITION OF ELYTUS

Partnership furthers RTS’s efforts to redefine materials management and develop zero-waste
programs, while expanding its national reach, for a more sustainable future

 

New York, New York – January 2022 – Recycle Track Systems, Inc. (RTS), a leader in the waste and recycling management industry, today announced that it’s parent company, RTS Holding, Inc., has acquired Elytus Ltd., a waste services management company that serves 12,000+ locations across all 50 States, Canada, and Puerto Rico through a cloud-based software platform.

RTS brings proprietary technology and a deep commitment to transparency and sustainability to thousands of clients across the country, including hundreds of restaurants and hotels, and large office buildings, professional sports stadiums, universities, and municipalities. This partnership will expand RTS’s reach to all fifty states as it continues to disrupt the waste management industry.

“We’re proud to welcome the incredibly talented team from Elytus.Their expertise and strong network will support our momentum as we continue to scale across the country and build new customer and hauler relationships,” said Gregory Lettieri, Cofounder and CEO of RTS. “Our shared values of transparency and sustainability will make us great partners as we strive to redesign the waste management industry.”

“We’re excited to join RTS on the journey toward a world without waste,” said Matthew S. Hollis, President and Co-Founder of Elytus. “This partnership will allow us to provide our customers with expanded sustainability services and combined technology solutions with better data to help them better manage their waste streams.”
This is RTS’s fourth acquisition since launching in 2015.

Recently, the company acquired Ambrosia, a Newark-based facility that repurposes food scraps into natural home cleaning solutions, and secured $35 million in Series C Funding from an investor group led by Citigroup’s Impact Fund for sustainable investment.

About Recycle Track Systems, Inc.

Recycle Track Systems, Inc. is pioneering a better way to manage waste and recycling. RTS combines technology with high-touch service to make waste disposal easier, smarter, and more responsible. From on-demand removal to fully integrated waste management solutions, RTS helps companies and municipalities easily track and optimize their pickups. Using data insight, RTS empowers clients with visibility into their waste habits and tangible figures on their climate impact to improve their waste and recycling practices. RTS is a certified B-Corporation, reflecting its dedication and commitment to meeting stringent standards of environmental transparency and performance. For more information, visit rts.com. For more information on zero waste, visit zerowaste.com.

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