Reclaimed Cleaning Textiles Acquires United-Southern Waste Material Company

January 7, 2024 

DALLAS–(BUSINESS WIRE)–RTCM Holdings, Inc. (dba Reclaimed Cleaning Textiles, dba World Wear Project), a family of textile recycling and distribution companies, today announced the purchase of United-Southern Waste Material Company (“USW”), a Dallas-based textile recycling and repurposing company. The transaction will establish the largest textile recycler in North Texas.

 

“This next chapter will offer customers, suppliers, and employees enhanced resources in an evolving market.”

Mindi Levine Kahn

Founded in 1914, USW specializes in the recycling and repurposing of clothing and wiping rags, which are sold across global and domestic markets, respectively. The company has built a reputation as a highly respected organization in the space, expanding in recent years to collect its own credential, with over 120 bins. USW currently operates out of an 88,000 square foot facility. Co-owner and third-generation family member Mindi Levine Kahn will remain with the business to provide her expertise and ensure continuity throughout the integration.

“Our stated vision is to divert 100 million pounds of textiles from landfills on an annual basis as part of our commitment to make a difference in the world,” said Craig McAndrews, President and CEO of Reclaimed Cleaning Textiles. “USW’s operation will help us expand our capacity and drive essential long-term growth. Mindi and her family have been pioneers in the second-hand clothing industry, and we are excited to come together to create a best-in-class regional operation.”

“Reclaimed Cleaning Textiles has long been a leader in the recycled textiles space, with a focus on sustainable profitability,” said Mindi Levine Kahn. “This next chapter will offer customers, suppliers, and employees enhanced resources in an evolving market.”

Wyrick Robbins Yates & Ponton LLP served as legal counsel for Reclaimed Cleaning Textiles, and Haynes and Boone, LLP served as legal counsel for USW. Financial terms were not disclosed.

Also available on Business Wire.

About Reclaimed Cleaning Textiles
Founded in 1994, Reclaimed Cleaning Textiles was built on a solid foundation of quality, customer satisfaction, and innovation. The company is comprised of three distinct businesses: Reclaimed Cleaning Textiles, Recycled Shoes & Clothing and World Wear Project. Through in-house production, packaging, and distribution processes, Reclaimed Cleaning Textiles creates reclaimed wiping rags and wholesale cleaning cloths to meet specialized domestic and international textile needs. In 2023, Reclaimed Cleaning Textiles was acquired by Greybull Stewardship, a private investment firm that partners with small, established businesses to help them grow and scale. To learn more about Reclaimed Cleaning Textiles, visit: https://reclaimedtextiles.com/.

About Greybull Stewardship:
Greybull Stewardship is a private investment firm supporting established, small businesses on their way to scalable, and sustainable success. With decades of operational experience and financial acumen, their team of multi-disciplinary operators provides a suite of tailored resources and strategic guidance extending beyond just capital. Greybull proudly cultivates partnerships with motivated entrepreneurs to realize their full potential and confidently navigate the complexities of expansion. Founded in 2010, Greybull is headquartered in Jackson, Wyoming, with team members located throughout the U.S. to effectively support the firm’s investments. To learn more about Greybull, visit http://www.greybullstewardship.com.

 

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