SEATTLE (Recycling Monster): Quantum Organics, a Connecticut-based business, was acquired by Closed Loop Partners' private recycling business, Circular Services. Circular Services has entered the organics market with this acquisition. By the way, Quantum has a composting and anaerobic digesting plant in Southington.

The deal's financial specifics were not made public. Supreme Forest Products, a mulching and wood waste company, was also acquired as a result of the transaction. It should be mentioned that Quantum's organics campus in Connecticut has the capacity to process up to 500,000 tons of yard waste and 100,000 tons of food waste each year.

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According to Ron Gonen, CEO of Closed Loop, Circular Services will keep searching for ways to increase its organics recycling capacity through acquisitions and organic expansion. After peaking in 2022, the investments have experienced a significant decline. He pointed out that the industry has been dealing with significant difficulties over the last five to ten years.

Capricon Investment Group has invested in Closed Loop Partners' capital management division, the company said separately. Its attempts to shift to a circular economy will be further accelerated by the strategic investment in Closed Loop Capital Management.