Hyderabad, Nov. 4 -- Black Gold Recycling, a Hyderabad-based circular economy startup, today said it has acquired a majority stake in Reteck Envirotech Pvt. Ltd., an Indian subsidiary of Hong Kong and US-based Li Tong Group, a global leader in reverse supply chain management and electronics lifecycle solutions.
The acquisition strengthens Black Gold's mission of building a technology-driven and scalable circular economy platform in India, the company said in a release here.
By combining Reteck's in-depth operational experience along with Black Gold's innovation-led recovery models, the partnership will expand sustainable recycling solutions for lithium-ion batteries, plastics, solar panels, and end-of-life electronics.
This acquisition e...