GlyEco, Inc. (OTCPK:GLYE) entered into an asset purchase agreement to acquire business and substantially all of its assets of Brian’s On-Site Recycling, Inc. for $0.2 million on June 15, 2016. Out of total consideration, $0.1 million will be paid in cash upon the closing of the transaction, while the remaining $0.1 million will be held in escrow and released upon achieving certain revenue targets related to the customer accounts acquired from Brian’s On-Site Recycling. GlyEco, Inc. (OTCPK:GLYE) completed the acquisition of business and substantially all of its assets of Brian’s On-Site Recycling, Inc. on June 24, 2016.