SYRACUSE — Sunnking Inc., a 15-year-old Brockport–based electronics-recycling firm, has recently acquired Coast 2 Coast Electronics Recyclers Inc. of Syracuse to give it a brick and mortar presence and grow its business here.
The acquisition closed on April 6, Adam Shine, vice president at Sunnking, tells CNYBJ in an email. He declines to disclose the purchase price, but says it was a cash deal.
Sunnking specializes in refurbishing, reselling, and recycling electronic products from residential and commercial customers throughout New York state and surrounding areas. It has recycling facilities in Buffalo, Brockport, Rochester, and now Syracuse. The company previously serviced the Syracuse area from its Rochester site, Shine says.
Coast 2 Coast has served the Syracuse market for many years, providing pick-up, data destruction, and recycling of electronics, according to Sunnking.
“Sunnking can provide additional services to our customers that we were unable to provide, and give our former clients access to a leading and growing company that works hard to keep jobs in Upstate NY,” Phil Jakes–Johnson, former owner of Coast 2 Coast, said in a May 12 news release, announcing the deal.
Sunnking acquired Coast 2 Coast’s four employees, customer lists, material, and “access to their existing space until we outgrow the facility,” Shine says.
Coast 2 Coast’s facility is 15,000 square feet and processes/recycles nearly 1 million pounds of electronic materials each year, he adds.
Sunnking now has 67 employees following this acquisition. It processes/recycles 24 million pounds of materials annually, Shine says.
Shine declines to disclose Sunnking’s revenue but says, “we have experienced substantial revenue growth in each of the past three years.”
As technology changes rapidly, the need to dispose of obsolete electronic equipment in an environmentally responsible way has increased, the company says on its website. Most electronics can be fully recycled.
Materials recovered through the recycling process for reuse include glass, copper, aluminum, tin, steel, iron, plastic, silver, platinum, and gold, Sunnking says.