Garland, Texas- based Geomet Recycling has been selected as a Dallas Business Journal 2022 Middle Market 50 award winner. The awards program recognizes the fastest growing companies in Dallas-Fort Worth with annual revenues between $10 million and $1 billion. The ranking is based on revenue growth over a three-year period.
Geomet has experienced massive growth in the last year, increasing its revenue by more than $70 million and adding just under 20 employees to its organization. The company’s leadership credits its growth to increased team building processes and improved efficiencies that have led to its ability to recycle more metal products with less energy and byproducts. Geomet buys ferrous and nonferrous metals, electronic materials, and radiators.
“Without the hard work of our whole team, the success we have achieved over the last few years wouldn’t be possible,” President Richard Goldberg says. “We had a vision of what we wanted our company culture to look like and during the height of the pandemic, everyone really came together and made Geomet the company we are today: a metal recycling business passionate about creating a sustainable legacy.”
Geomet recently began implementing an innovative sorting technology to recycle more postconsumer metal. In 2021, Geomet recycled 11.5 million pounds of postconsumer metal and predicts that will increase to 17 million pounds in 2022.
Geomet and other fast-growing businesses in the Dallas-Fort Worth area will be honored during an awards dinner Oct. 13. Top 50 rankings will be revealed during the event.