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Strategic Materials, Inc. Acquires Ripple Glass

Sep 27, 2022•about 3 years ago

Acquiring Company

Strategic Materials

Acquired Company

GLASS

HoustonOther

Description

North America's largest glass recycler, Strategic Materials, Inc. (SMI), today announced the acquisition of Kansas City, Missouri based Ripple Glass. The acquisition will accelerate SMI's plan to bolster glass collection programs and increase glass recovery rates across North America.

Company Information

Company

Strategic Materials

Location

Houston, Texas, United States

About

With a 125-year history, Strategic Materials, Inc. (SMI) is one of North America’s most comprehensive glass recyclers, with 42 locations in the United States, Canada, and Mexico. SMI remains focused on passionate advocacy, operational excellence, and collaborative partnership, serving as a trusted partner to cleaner, more efficient glass production by providing customers and suppliers with economical and environmentally viable recycled products and solutions.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed