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Otto Environmental North America

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uuid000ogqv

Namestring
Otto Environmental North America
Legal namestring
Otto Environmental Systems North America, Inc.
Websiteurl
otto-usa.com
Company typeenum
Private
Founded yearint
1934
Descriptiontext

Otto Environmental North America (operating as OTTO-USA, legal name Otto Environmental Systems North America, Inc.) is a manufacturer of residential and commercial waste and recycling containers, headquartered in Charlotte, North Carolina. The company operates eight manufacturing sites across the United States (North Carolina, Ohio, Michigan, Indiana, Arizona, Oregon, Texas) and one in Arteaga, Mexico, producing approximately 48 million pounds of plastic products annually via injection molding, thermoforming, and urethane casting processes. Its product portfolio spans The Edge, The Millennium, and The Momentum residential cart lines (25-95 gallon), commercial front and rear load containers (1-8 yard), recycling bins, and accessory hardware, alongside custom contract-manufacturing services for industrial, agricultural, automotive, commercial, medical, government, grocery, and packaging customers.

The business traces its lineage to a 1934 German waste collection operation, expanded into North America in 1983, and in 2020 combined with AMD Plastics & Forming Technologies to consolidate thermoforming and injection molding capability under one entity. OTTO pioneered the 2-wheeled waste cart in 1965 and claims a global installed base of more than 180 million carts across 80 countries, with 563 named high-volume customers in North America. Go-to-market is enterprise field sales executed through a regional network of 16+ local sales representatives backed by always-on designers and engineers; the company also operates a dedicated direct-to-resident portal for the New York City Bin program and an equipment financing channel through Ascentium Capital (a division of Regions Bank).

Revenue is generated primarily through hardware sales of carts and containers to municipalities and commercial buyers, complemented by custom contract-manufacturing services for non-Otto buyers and a financing/leasing program offering 100% purchase financing up to $2.0 million. Commercial pricing is largely quote-based, while the NYC Bin program is fixed at $50 per mandated bin; the company additionally monetizes end-of-life cart reclamation as a sustainability service. The business is privately held (no public ticker), with no disclosed venture or private-equity funding round in the available record.

Short descriptiontext

Otto Environmental North America is a Charlotte, NC-based manufacturer of residential and commercial waste carts, recycling bins, and custom injection-molded plastics serving municipalities, commercial businesses, and industrial buyers across North America and 80 countries globally.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersCharlotte, United States
HQ citystring
Charlotte
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices11 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
waste container manufacturing, recycling carts, plastic injection molding, thermoforming services, commercial waste equipment
Industry3 codes
1Industrial Waste Handling & Compaction Equipment (Balers, Compactors)
CodeIMAHALAIPrimaryYes
2Container Rental, Delivery & Servicing (Carts/Bins)
CodeBPALAAAGPrimaryNo
3Compactor, Container & Roll-off Services (Rental, Service & Logistics)
CodeEUAIAGACPrimaryNo
NAICS code2 codes
  • Waste Collection56211
  • Waste Collection5621
SIC code2 codes
  • Refuse Systems4953
  • Plastics Products, Nec3089
Product category
Waste Management Equipment
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Waste Container and Cart Sales
TypeHardware Sales
Description

OTTO generates revenue through the sale of residential waste and recycling carts (25-95 gallon), commercial waste containers (1-8 yard front load and rear load), and recycling bins. Products are sold directly to municipalities, commercial businesses, and government entities.

otto-usa.com
2Financing Program
TypeManaged Services
Description

Through partnership with Ascentium Capital, OTTO offers 100% financing of purchases up to $2.0 million, including bundled expenses such as shipping and tax, enabling customers to acquire products with no out-of-pocket expenses.

otto-usa.com
3Custom Manufacturing Services
TypeProfessional Services
Description

Provides custom high-volume injection molding and thermoforming solutions for industrial and commercial markets, including design, prototyping, and production services.

otto-usa.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details2 tiers
1NYC Residential Bins - $50 each
ModelUnit PricingBilling cadenceOne time/ perpetual license
Notes

NYC Bin garbage can program requires buildings with 1-9 units to purchase official $50 bins by June or face $50 fines.

timesofindia.indiatimes.com
2Commercial Financing - Up to $2.0 million
ModelOtherBilling cadenceMulti-year contract
Notes

Financing and leasing up to $2.0 million with application-only options up to $400,000. $0 down and low introductory payment options available.

otto-usa.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
1The Edge
Description

Residential waste and recycling cart product line available in 25-95 gallon sizes

otto-usa.com
+2 more records
Core offering1 text field

Otto Environmental North America manufactures and sells waste and recycling containers, including residential roll-out carts (25–95 gallon) and commercial front load (1–8 yard) and rear load containers, using HMWPE and ABS plastics produced through injection molding and thermoforming. The company also offers custom high-volume plastics manufacturing services, cart assembly, delivery, recovery and end-of-life cart reclamation, and 100% financing of purchases through its partner Ascentium Capital. Otto operates multiple manufacturing facilities across the U.S. and Mexico and serves as the designated vendor for New York City's mandatory residential bin program.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 180 million carts in service globally
+4 more records
Product overview1 text field

Otto Environmental North America (Otto-USA) is a manufacturer and provider of waste containers, carts, and related services. The company operates a multi-product portfolio organized across distinct product lines: THE EDGE residential carts (25-95 gallon), THE MILLENNIUM residential carts (95 gallon), THE MOMENTUM residential carts (95 gallon), recycling bins (18-95 gallon), and commercial front load containers (1-8 yard) and rear load containers (2 yard). Services include cart assembly, delivery, recovery, and recycling; custom manufacturing via injection molding, thermoforming, and urethane molding; design and development; and equipment financing partnerships. The company is the designated vendor for New York City's mandatory garbage bin program. Otto combines with AMD Plastics & Forming technologies (high-tech thermoforming and injection molding) and serves industrial, agricultural, automotive, commercial, medical, waste, recycling, government, grocery, and packaging sectors.

Product and service15 records
1The Edge Residential Carts
CategoryResidential Carts
2The Millennium 95 Gallon Cart
CategoryResidential Carts
3The Momentum 95 Gallon Cart
CategoryResidential Carts
4Recycling Bins
CategoryRecycling Containers
5Commercial Front Load Containers
CategoryCommercial Containers
62 Yard Rear Load Container (Triumph)
CategoryCommercial Containers
7Cart Assembly & Distribution Services
CategoryLifecycle Services
8Cart Reclaim & Recycling Service
CategoryLifecycle Services
9Injection Molding Services
CategoryCustom Manufacturing Services
10Thermoforming Services
CategoryCustom Manufacturing Services
11Design & Development Services
CategoryCustom Manufacturing Services
12Urethane Molding Services
CategoryCustom Manufacturing Services
13Trimming Services
CategoryCustom Manufacturing Services
14Equipment Financing & Leasing
CategoryFinancing Services
15NYC Bin Program
CategoryMunicipal Programs
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Rubbermaid Commercial Products (part of Newell Brands) offers a broad portfolio of commercial cleaning and waste management products including BRUTE containers. Overlaps with OTTO in commercial waste containers but operates as a much larger diversified commercial products platform.

2Northwest Composites
TypeDirect peer
Description

Northwest Composites manufactures composite-material waste and recycling carts for municipal and commercial customers. Comparable to OTTO in residential cart product category with similar automation-compatibility focus.

TypeBroad incumbent
Description

Wastequip is the parent company of Toter and offers a broader portfolio of waste equipment including compactors, balers, and containers. As the largest US waste equipment manufacturer, it competes broadly with OTTO across multiple product categories.

TypeDirect peer
Description

Cascade Engineering is a US manufacturer of residential and commercial waste/recycling carts using rotational molding and injection molding. Directly competes with OTTO in the same municipal cart category with comparable automation-compatible designs.

TypeDirect peer
Description

Rehrig Pacific manufactures plastic containers, recycling bins, and material handling equipment using injection molding. Comparable to OTTO in plastic container manufacturing scale, recycling bins, and injection molding capabilities.

TypeDirect peer
Description

Busch Systems manufactures recycling and waste bins, containers, and collection systems for commercial, institutional, and municipal customers. Comparable to OTTO in commercial recycling bin and front-load container categories.

TypeDirect peer
Description

Toter is a leading US manufacturer of two-wheeled residential carts and front/rear-load commercial containers, with comparable municipal and commercial customer bases. Directly competes with OTTO on residential cart rollouts and large municipal contracts.

TypeDirect peer
Description

IPL Plastics manufactures rigid plastic containers and waste/recycling bins for municipal, commercial, and industrial markets. Comparable to OTTO in plastics manufacturing capabilities and waste container product lines.

TypeDirect peer
Description

Meese manufactures plastic waste carts, recycling containers, and bulk material handling products using rotational molding. Directly competes with OTTO in commercial waste and recycling container categories.

TypeDirect peer
Description

Schaefer is a global manufacturer of waste and recycling containers, bins, and carts serving industrial, commercial, and municipal customers. Directly comparable to OTTO in plastic waste container product categories and customization capabilities.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Otto Environmental North America

Waste Management Equipmentotto-usa.com

Otto Environmental North America is a Charlotte, NC-based manufacturer of residential and commercial waste carts, recycling bins, and custom injection-molded plastics serving municipalities, commercial businesses, and industrial buyers across North America and 80 countries globally.

What Otto Environmental North America does

Otto Environmental North America (operating as OTTO-USA, legal name Otto Environmental Systems North America, Inc.) is a manufacturer of residential and commercial waste and recycling containers, headquartered in Charlotte, North Carolina. The company operates eight manufacturing sites across the United States (North Carolina, Ohio, Michigan, Indiana, Arizona, Oregon, Texas) and one in Arteaga, Mexico, producing approximately 48 million pounds of plastic products annually via injection molding, thermoforming, and urethane casting processes. Its product portfolio spans The Edge, The Millennium, and The Momentum residential cart lines (25-95 gallon), commercial front and rear load containers (1-8 yard), recycling bins, and accessory hardware, alongside custom contract-manufacturing services for industrial, agricultural, automotive, commercial, medical, government, grocery, and packaging customers.

The business traces its lineage to a 1934 German waste collection operation, expanded into North America in 1983, and in 2020 combined with AMD Plastics & Forming Technologies to consolidate thermoforming and injection molding capability under one entity. OTTO pioneered the 2-wheeled waste cart in 1965 and claims a global installed base of more than 180 million carts across 80 countries, with 563 named high-volume customers in North America. Go-to-market is enterprise field sales executed through a regional network of 16+ local sales representatives backed by always-on designers and engineers; the company also operates a dedicated direct-to-resident portal for the New York City Bin program and an equipment financing channel through Ascentium Capital (a division of Regions Bank).

Revenue is generated primarily through hardware sales of carts and containers to municipalities and commercial buyers, complemented by custom contract-manufacturing services for non-Otto buyers and a financing/leasing program offering 100% purchase financing up to $2.0 million. Commercial pricing is largely quote-based, while the NYC Bin program is fixed at $50 per mandated bin; the company additionally monetizes end-of-life cart reclamation as a sustainability service. The business is privately held (no public ticker), with no disclosed venture or private-equity funding round in the available record.

Otto Environmental North America firmographics

Firmographics
Name
Otto Environmental North America
Legal name
Otto Environmental Systems North America, Inc.
Website
https://otto-usa.com
Company type
Private
Founded year
1934
Operating status
Operating
Headcount range
251–500 employees
Short description
Otto Environmental North America is a Charlotte, NC-based manufacturer of residential and commercial waste carts, recycling bins, and custom injection-molded plastics serving municipalities, commercial businesses, and industrial buyers across North America and 80 countries globally.
Ownership category
akta.pro rank

Otto Environmental North America industry classification

Industry
Product category
Waste Management Equipment
NAICS
Waste Collection (56211), Waste Collection (5621)
SIC
Refuse Systems (4953), Plastics Products, Nec (3089)
akta.pro primary industry
Industrial Waste Handling & Compaction Equipment (Balers, Compactors) (IMAHALAI)
akta.pro secondary industries
Container Rental, Delivery & Servicing (Carts/Bins) (BPALAAAG), Compactor, Container & Roll-off Services (Rental, Service & Logistics) (EUAIAGAC)

Keywords

  • Waste container manufacturing
  • Recycling carts
  • Plastic injection molding
  • Thermoforming services
  • Commercial waste equipment

Where Otto Environmental North America is headquartered

Location

Headquarters

HQ city
Charlotte
HQ country
United States
HQ region
North America

Offices11 records

Markets served

Otto Environmental North America business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Waste Container and Cart Sales: OTTO generates revenue through the sale of residential waste and recycling carts (25-95 gallon), commercial waste containers (1-8 yard front load and rear load), and recycling bins. Products are sold directly to municipalities, commercial businesses, and government entities.
  2. Financing Program: Through partnership with Ascentium Capital, OTTO offers 100% financing of purchases up to $2.0 million, including bundled expenses such as shipping and tax, enabling customers to acquire products with no out-of-pocket expenses.
  3. Custom Manufacturing Services: Provides custom high-volume injection molding and thermoforming solutions for industrial and commercial markets, including design, prototyping, and production services.

Pricing tiers

ModelBillingPrice
Unit PricingOne time/ perpetual licenseNYC Residential Bins - $50 each
OtherMulti-year contractCommercial Financing - Up to $2.0 million

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Otto Environmental North America product offering

Product offering

Core offering

Otto Environmental North America manufactures and sells waste and recycling containers, including residential roll-out carts (25–95 gallon) and commercial front load (1–8 yard) and rear load containers, using HMWPE and ABS plastics produced through injection molding and thermoforming. The company also offers custom high-volume plastics manufacturing services, cart assembly, delivery, recovery and end-of-life cart reclamation, and 100% financing of purchases through its partner Ascentium Capital. Otto operates multiple manufacturing facilities across the U.S. and Mexico and serves as the designated vendor for New York City's mandatory residential bin program.

Product overview

Otto Environmental North America (Otto-USA) is a manufacturer and provider of waste containers, carts, and related services. The company operates a multi-product portfolio organized across distinct product lines: THE EDGE residential carts (25-95 gallon), THE MILLENNIUM residential carts (95 gallon), THE MOMENTUM residential carts (95 gallon), recycling bins (18-95 gallon), and commercial front load containers (1-8 yard) and rear load containers (2 yard). Services include cart assembly, delivery, recovery, and recycling; custom manufacturing via injection molding, thermoforming, and urethane molding; design and development; and equipment financing partnerships. The company is the designated vendor for New York City's mandatory garbage bin program. Otto combines with AMD Plastics & Forming technologies (high-tech thermoforming and injection molding) and serves industrial, agricultural, automotive, commercial, medical, waste, recycling, government, grocery, and packaging sectors.

Differentiator

Problem solved

Functional benefit

Brands

  • The Edge: Residential waste and recycling cart product line available in 25-95 gallon sizes
  • The Millennium
  • The Momentum

Products and services

  • The Edge Residential Carts
  • The Millennium 95 Gallon Cart
  • The Momentum 95 Gallon Cart
  • Recycling Bins
  • Commercial Front Load Containers
  • 2 Yard Rear Load Container (Triumph)
  • Cart Assembly & Distribution Services
  • Cart Reclaim & Recycling Service
  • Injection Molding Services
  • Thermoforming Services
  • Design & Development Services
  • Urethane Molding Services
  • Trimming Services
  • Equipment Financing & Leasing
  • NYC Bin Program

Quantifiable outcome

  • 180 million carts in service globally
  • +4 more outcomes

Companies that use Otto Environmental North America

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Otto Environmental North America technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature9 records

Otto Environmental North America partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Otto Environmental North America competitors and assessment

Company assessment

Broad incumbents

  • Rubbermaid Commercial Products: Rubbermaid Commercial Products (part of Newell Brands) offers a broad portfolio of commercial cleaning and waste management products including BRUTE containers. Overlaps with OTTO in commercial waste containers but operates as a much larger diversified commercial products platform.
  • Wastequip: Wastequip is the parent company of Toter and offers a broader portfolio of waste equipment including compactors, balers, and containers. As the largest US waste equipment manufacturer, it competes broadly with OTTO across multiple product categories.

Direct peers

  • Northwest Composites: Northwest Composites manufactures composite-material waste and recycling carts for municipal and commercial customers. Comparable to OTTO in residential cart product category with similar automation-compatibility focus.
  • Cascade Engineering: Cascade Engineering is a US manufacturer of residential and commercial waste/recycling carts using rotational molding and injection molding. Directly competes with OTTO in the same municipal cart category with comparable automation-compatible designs.
  • Rehrig Pacific: Rehrig Pacific manufactures plastic containers, recycling bins, and material handling equipment using injection molding. Comparable to OTTO in plastic container manufacturing scale, recycling bins, and injection molding capabilities.
  • Busch Systems International: Busch Systems manufactures recycling and waste bins, containers, and collection systems for commercial, institutional, and municipal customers. Comparable to OTTO in commercial recycling bin and front-load container categories.
  • Toter (Wastequip): Toter is a leading US manufacturer of two-wheeled residential carts and front/rear-load commercial containers, with comparable municipal and commercial customer bases. Directly competes with OTTO on residential cart rollouts and large municipal contracts.
  • IPL Plastics: IPL Plastics manufactures rigid plastic containers and waste/recycling bins for municipal, commercial, and industrial markets. Comparable to OTTO in plastics manufacturing capabilities and waste container product lines.
  • Meese, Inc. (Orbitron): Meese manufactures plastic waste carts, recycling containers, and bulk material handling products using rotational molding. Directly competes with OTTO in commercial waste and recycling container categories.
  • Schaefer Systems International: Schaefer is a global manufacturer of waste and recycling containers, bins, and carts serving industrial, commercial, and municipal customers. Directly comparable to OTTO in plastic waste container product categories and customization capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Otto Environmental North America social profiles

Digital presence

Otto Environmental North America financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Otto Environmental North America leadership team

Management profile

Number of profiles

Profiles5 records

Otto Environmental North America subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Otto Environmental North America funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Otto Environmental North America M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Otto Environmental North America

What does Otto Environmental North America do?

Otto Environmental North America manufactures and sells waste and recycling containers, including residential roll-out carts (25–95 gallon) and commercial front load (1–8 yard) and rear load containers, using HMWPE and ABS plastics produced through injection molding and thermoforming. The company also offers custom high-volume plastics manufacturing services, cart assembly, delivery, recovery and end-of-life cart reclamation, and 100% financing of purchases through its partner Ascentium Capital. Otto operates multiple manufacturing facilities across the U.S. and Mexico and serves as the designated vendor for New York City's mandatory residential bin program.

Is Otto Environmental North America a public or private company?

Otto Environmental North America is a private company. It is classified as corporate owned and is currently operating.

When was Otto Environmental North America founded?

Otto Environmental North America was founded in 1934. It employs 251 to 500 people.

Where is Otto Environmental North America based?

Otto Environmental North America is headquartered in Charlotte, United States, in the North America region.

How does Otto Environmental North America make money?

Three revenue lines are on record. Waste Container and Cart Sales are the primary driver. The others are financing Program and custom Manufacturing Services.

Who are Otto Environmental North America's main competitors?

Broad incumbents on record are Rubbermaid Commercial Products and Wastequip. Direct peers are Northwest Composites, Cascade Engineering, Rehrig Pacific, Busch Systems International, Toter (Wastequip), IPL Plastics, Meese, Inc. (Orbitron) and Schaefer Systems International.

Does Otto Environmental North America have an API?

No public API is recorded for Otto Environmental North America.

What industry is Otto Environmental North America in?

Otto Environmental North America's product category is Waste Management Equipment. Its primary akta.pro industry code is IMAHALAI, Industrial Waste Handling & Compaction Equipment (Balers, Compactors), with a secondary code of BPALAAAG, Container Rental, Delivery & Servicing (Carts/Bins). Its NAICS code is 56211 and its SIC code is 4953.

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Live signals
Inc.New York City Is About to Fine Property Owners Over Trash Bins. Its Official Supplier Says the Rollout Drove It Into BankruptcyDuramax Holdings, which operates as Otto Environmental Systems, is facing Chapter 7 bankruptcy due to a significant shortfall in trash bin sales mandated by New York City's contract. The city is set to fine property owners who do not use the official bins starting September 8, while Duramax claims it has nearly $119 million in unrealized sales as only approximately 1.2 million bins have been sold out of a scheduled 3.39 million. Duramax also alleges that the city breached their agreement, indicating potential litigation.Waste DiveOtto, holder of NYC Bin contract, is in involuntary bankruptcyOtto Environmental Systems is undergoing involuntary Chapter 7 bankruptcy proceedings triggered by nearly $2.6 million in unpaid debts owed to suppliers Quantum Polymers, Vinmar Polymers America, and Trademark Plastics. The company holds a significant 10-year contract with the New York Department of Sanitation to manufacture curbside bins, but its financial distress has led to allegations from a court-appointed trustee that CEO Brian Coll transferred assets to new entities to avoid creditor payments.YahooOtto, holder of NYC Bin contract, is in involuntary bankruptcyOtto Environmental Systems, doing business as Duramax Holdings, is in involuntary Chapter 7 bankruptcy proceedings initiated by three creditors—Quantum Polymers, Vinmar Polymers America, and Trademark Plastics—who collectively alleged nearly $2.6 million in debts owed. The company had won a 10-year contract with the New York Department of Sanitation in 2024 to manufacture and deliver 3.39 million curbside NYC Bins, with a target completion date of May 2026. A trustee has been appointed to oversee the company's assets, and there is an ongoing dispute over contracts, accounts, and assets allegedly transferred from Duramax to other companies set up by CEO Brian Coll.