The present invention provides methods for making shapeable composite materials or shaped articles from recycled materials comprising forming a crumb slurry by, in any order, increasing the particle size of a composition comprising white water waste from one or more emulsion or dispersion polymer and combining the white water waste polymer with one or more waste thermoset material, preferably, ground tire rubber (GTR), and, then processing the combined material wet or dry as a thermoplastic to form the composite material or article. Additionally, shaped articles and composite materials can be made from substantially all recycled waste materials, such as white water waste from acrylic or vinyl polymer emulsions and waste rubber vulcanizates. The composite materials can consist essentially of reshapeable materials, i.e. without crosslinking agents, thermosettable compositions or compatibilizers to provide reshapeable or recyclable articles.