Investment firm sees potential in textiles recycling
US-based investment firm Greybull Stewardship has bought RTCM Holdings, a family of textile recycling and distribution companies.
Greybull plans to help RTCM scale by entering new markets and expand its automation capabilities across the business.
RTCM has operated in the growing reclaimed textile space for over three decades and encompasses three businesses: Reclaimed Industrial Cleaning Clothes, Recycled Shoes & Clothing and World Wear Project.
Sasha Kovriga, partner at Greybull, said: “We are pleased to announce our investment in RTCM, an industry leader in the highly fragmented recycled textiles market. Over its history, RTCM has helped keep millions of pounds of textiles out of landfills and we’re proud to support this environmental mission.”
