In June 2017, JZI finalized its investment in Treee, a leading, nationwide platform for the recycling of electric and electronic waste (“e-waste”) in the Italian marketplace.

In October 2017, JZI completed its first add-on investment for Treee, acquiring NEC New Ecology (“NEC”), a treatment plant located in the Northeast of Italy. The addition of NEC expands the company’s geographic coverage into a crucially important region and makes Treee the top player in the Italian market by size.

Capitalizing on its network of treatment plants and logistics operators across Italy, Treee is able to efficiently transport and process all five major categories of e-waste, including: large and small appliances (both cooling and non-cooling), televisions, computers and lighting elements.

Treee is currently experiencing an exponential growth phase underpinned by European Union (“EU”) directives obliging Italy to increase recycled volumes threefold by 2019, from four to 12 kilograms per capita.

JZI intends to leverage its platform investment in Treee to further consolidate the Italian market through a buy-and-build strategy, with the potential to export the business model to other European nations as they similarly increase recycled volumes of e-waste per EU regulations.