What is Allocco Recycling?
Allocco Recycling stands as New York's premier center for the recycling of aggregate, scrap metal, and construction debris. Operating a cutting-edge facility, the company excels in processing diverse recycling needs while offering competitive prices for ferrous, non-ferrous, and electronic scrap. With strategically located sites and advanced technological integration, Allocco Recycling effectively serves clients across New York, New Jersey, and the broader northeastern region. Their commitment to maximizing material recovery rates and upholding environmental responsibility, coupled with four decades of industry experience and a dedicated team, has cultivated a robust and loyal customer base.
How much funding has Allocco Recycling raised?
Allocco Recycling has raised a total of $2.3M across 2 funding rounds:
Debt
$1M
Debt
$1.3M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.3M led by PPP
What's next for Allocco Recycling?
The recent major strategic investment into Allocco Recycling signals a phase of potential expansion and operational enhancement. Given the company's long-standing presence and comprehensive service offerings in aggregate, scrap metal, and construction debris recycling, this capital infusion is likely to fuel advancements in their state-of-the-art facility, potentially increasing processing capacities or adopting new environmental technologies. The focus on strategic investment suggests a move towards solidifying market leadership and exploring new avenues for growth within the competitive northeastern waste management landscape.
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