Twin Cities ‘Tech Dump’ Makes Strategic, Bold Moves
Earlier this month, Tech Dump, a Twin Cities electronic waste recycler, acquired Saint Paul based Scrubb.IT, a mail-in electronics recycling program. The acquisition comes after Tech Dump purchased a 90,000 square-foot building in Saint Paul last fall, where it plans to open its headquarters this spring. Showcasing its growth mindset, Tech Dump also intends to double its staff by 2022.
Prior to this acquisition, Tech Dump had just two physical recycling locations in St. Paul and Golden Valley where customers could bring in unwanted electronics. Now, Tech Dump can expand nationally, as Scrubb.IT allows customers to mail in their unwanted electronics by providing customized postage labels that cover the cost of shipping for up to thirty pounds of electronics.
With the rise of online shopping and consumers placing a larger emphasis on convenience, this acquisition comes at a strategic time for Tech Dump. Tech Dump now becomes accessible to those living in more rural areas throughout Minnesota and other states or to those that have time constraints hindering their ability to drop off unwanted electronics at a physical location.
Acquisitions are a big deal for companies, regardless of size. Whether a business is acquiring another company, a new office space, or more employees, the business and legal preparations can be overwhelming. Minnesota, and the Twin Cities in particular, are increasingly becoming a hub for start-ups, entrepreneurial minds, and investment opportunities. With more money predicted to flow into these markets in 2019, companies can make the bold business moves they’ve only dreamed of. The right legal team can make these decisions understandable, provide guidance, and be advocates for these companies as they continue to grow for years to come.