Li Tong Group, a Hong Kong-based provider of Reverse Supply Chain Management (RSCM) services for the technology and telecomm industries, received a US$45M investment from middle market private equity firm Olympus Capital Asia.
The investment will be used to enhance research and development efforts as well as expand the scope of services LTG offers.
Founded in 2000, LTG specializes in the recovery, re-use and re-manufacturing processes of both Post-Industrial (PIR) and Post-Consumer Recycling (PCR) for many Fortune 100 Hi-Tech electronics original equipment manufacturers (OEMs) and consumers.
The company provides RSCM services for mobile devices, information technology and telecommunications equipment products and components.
It currently employs more than 1,200 professionals and operates more than 20 facilities around the world.