Greybull buys Mid-West Textile, one of the largest US recyclers
What's the deal? Greybull StewardshipDealroom has a profile for this one. Try Dealroom →, a Jackson, Wyoming-based private investment firm, has acquired Mid-West TextileDealroom has a profile for this one. Try Dealroom →, a used textile collection and recycling company. Financial terms were not disclosed.
Who's involved? Founded in 1982 and headquartered in El Paso, Texas, Mid-West Textile collects, sorts, and grades used clothing and textiles to extend their useful life and divert waste. It is one of the largest textile recyclers in the US, serving thrift retailers, fiber reclamation operators, and industrial wiping cloth suppliers.
The rationale: Greybull, founded in 2010, partners with small, established businesses to help them scale. It plans to provide Mid-West Textile with capital and operational support, building on its experience in the sector.
What changes? Greybull intends to expand Mid-West Textile's Thrift TownDealroom has a profile for this one. Try Dealroom → retail stores, which currently operate across Texas and New Mexico.
"Mid-West Textile has built a leading business around extending the life of used textiles and clothing, and we are excited to support the company in its next phase of growth," said Mason Myers, founder and chief executive officer of Greybull Stewardship.
The signal: As consumers and businesses push to cut waste, textile recycling infrastructure is drawing investor interest. The deal reflects private capital flowing toward established players with the scale and expertise to give used materials a second life.
Read more: AP News
Image credit: rafael-castillo
