Converted Organics announces acquisitions

Converted Organics Inc. announced today that it has acquired the assets of two California companies, United Organic Products LLC and Waste Recovery Industries LLC.

Converted Organics of Boston, whose press release did not include financial details of the transactions, is a development stage company dedicated to producing all-natural, organic soil amendment or fertilizer products through food waste recycling.

These acquisitions make Converted Organics the exclusive owner of the proprietary technology and process known as the High Temperature Liquid Composting system, which processes various biodegradable waste products into liquid and solid organic-based fertilizer and feed products, said Converted Organics, which added that it also acquires a leading liquid fertilizer product line, as well as a state-of-the-art production facility that services a strong West Coast agribusiness customer base.

"The acquisition of United Organic Products and Waste Recovery Industries' assets catapults Converted Organics into a leadership position within the organic fertilizer industry and facilitates our immediate entry into the liquid fertilizer market," Converted Organics president Edward J. Gildea said in a statement.
(By Chris Reidy, Globe staff)