The following press release was issued by our portfolio company, Clover Environment Solutions:
Acquisition creates the premier consumer products returns management solution in North America
Chicago, IL – Clover Environmental Solutions (Clover), a provider of sustainable lifecycle management services and solutions, announced today that it has completed the acquisition of all operating assets of America’s Remanufacturing Company (ARC), a returns management and remanufacturing solutions company servicing OEMs, distributors, and retailers.
Headquartered in Augusta, Georgia, ARC is the only vertically integrated lifecycle management company in North America to offer end-to-end returns management solutions, including receiving and processing, remanufacturing, technical services, recycling, and recommerce. ARC services an expansive portfolio of product categories, including small home appliances, small consumer electronics, floor care, home comfort, powered hand tools, and outdoor power equipment.
“We are thrilled to complete the acquisition of ARC, which marks a pivotal moment in our diversification and growth strategy. The infrastructure, relationships, and expertise that ARC has established during its 21 years of operation, coupled with Clover’s expansive geographic footprint, advanced engineering capabilities, and financial resources, uniquely position the combined entity to go to market with true end-to-end returns management and recommerce solutions in North America,” said George Milton, CEO of Clover Environmental Solutions.
David Hogan, ARC CEO & President, commented on the acquisition, “We’re pleased to join the Clover family and bring ARC’s deep knowledge of consumer product returns management to expand Clover’s established capabilities. By taking control of the entire returns, recommerce, and recycling reverse supply chain, we can assist our clients in reducing the costs associated with processing returns while also providing them with valuable information on product quality and reasons for return. No other consumer products returns and remanufacturing company in North America can provide the services of the combined Clover-ARC entity. This is a game-changer for the consumer products returns space.”
About Clover Environmental Solutions
Clover Environmental Solutions provides environmentally sustainable solutions focused on the recovery, returns management, remanufacturing, and recommerce of business and consumer goods. By leveraging its world-class engineering, manufacturing, and distribution infrastructure, Clover Environmental Solutions provides circular economy solutions for various products, making the company a product lifecycle management provider of choice for OEMs and retailers globally.
About America’s Remanufacturing Company
America’s Remanufacturing Company (ARC) is a returns management and remanufacturing solutions company that helps OEMs, distributors, and retailers reduce costs, protect brands, improve customer experience, and access critical data from returned products. ARC serves customers in key consumer product categories, including small appliances, small electric, home comfort, floor care, powered hand tools, and outdoor power equipment. ARC is uniquely positioned as the only vertically integrated solutions company in North America to offer receiving and processing of returns, remanufacturing, technical services, recycling, and recommerce services.