Veolia Acquires Chameleon Industries to Expand Semiconductor Circular Economy in North America

According to a statement released by Veolia North America, the environmental services group has completed the acquisition of Texas-based specialty chemicals maker Chameleon Industries, in a move the company says will expand its circular-economy offering for advanced manufacturing across the continent.

According to Veolia, Chameleon’s proprietary processes turn byproducts from semiconductor manufacturing into useful inputs for industry, cutting waste and improving resource efficiency. The approach is described as directly aligned with Veolia’s “Green Up” strategic plan, the company said.

Chameleon operates four production sites across Texas, Oregon and Arizona that recover semiconductor byproducts for beneficial reuse, according to the companies. The business emphasizes safety, product quality, environmental compliance and stewardship throughout its supply chain, Veolia noted.

“We are thrilled for Chameleon to join Veolia through this acquisition,” said Bob Cappadona, president and CEO of Veolia North America’s Environmental Solutions and Services business, in the statement. “As part of our Green Up strategy, adding this critical circular economy technology to our wide portfolio of environmental and infrastructure solutions helps expand our capabilities for customers and play an important role in the growth of America’s technology sector. The team at Chameleon is a great strategic and cultural fit for our growing business in North America.”

Chameleon CEO Jared Garza added that, by joining Veolia’s global network of chemical recovery and environmental service operations, the company “will be able to better serve our customers, grow our business for the long term and provide opportunities for our people,” according to the announcement. He said Veolia’s established footprint in microelectronics will allow Chameleon to bring its technology to a broader segment of the industry.

In the United States, Veolia provides a full suite of waste services — from collection and transportation to recycling and disposal. Following the deal, the group will employ more than 2,300 people at over 200 locations nationwide, delivering customized solutions to large manufacturers in technology, healthcare, pharmaceuticals, petrochemicals and agricultural chemicals, according to company figures. Veolia also highlighted its role as an innovation hub for environmental sustainability, citing work on recycling and repurposing materials such as wind-turbine blades and industrial solvents.

Why it matters: As North American chipmakers expand capacity and face stricter environmental, social and governance (ESG) expectations, demand is rising for closed-loop recovery of high-value inputs and stricter waste controls. By integrating Chameleon, Veolia is positioning itself to capture more of that demand with an end-to-end, circular model.

What to watch next: In the press release provided, neither company disclosed financial terms or an integration timeline. Market observers will watch how quickly Veolia can scale Chameleon’s model to additional fabs, and whether further tuck‑in acquisitions follow to broaden Veolia’s North American microelectronics footprint.

Source: Veolia North America