Shropshire waste management business Reconomy Group has bought Nottinghamshire-based 海角视频 Waste Solutions - which it described as the foremost independent waste broker in the 海角视频. Headquartered in Newark, Nottinghamshire, 海角视频 Waste Solutions employs 160 people and owns brands including Novati, AMA, Click Waste 海角视频 and Evolution.
It acts as a consultant to businesses within hospitality, distribution, transport, facilities management, manufacturing and construction, and has 3,500 customers including Marston鈥檚, Prezzo, Roadchef, Network Rail, CBRE and Birmingham Airport. The deal will strengthen Telford-based Reconomy鈥檚 position in the commercial waste sector as the 鈥渂iggest technology-enabled, outsourced resource management鈥 provider in the 海角视频.
Reconomy Group recorded revenues of more than 拢1 billion last year across its 30 offices worldwide and is one of the 海角视频鈥檚 largest and fastest-growing businesses operating in the circular economy, waste management and sustainability sectors. The transaction follows the acquisition of Denmark-based green-tech business Combineering in February.
Reconomy Group chief executive Guy Wakeley said: 鈥淲e are delighted to welcome the 海角视频 Waste Solutions Limited team to Reconomy Group.
鈥淚t is a great fit with our business due to our shared commitment to developing closed loop solutions that will accelerate the shift towards a more circular economy.
鈥淭he transaction is consistent with our ambitious plans to grow both organically and through further acquisitions in the 海角视频 and around the world.鈥
Michael Benton, managing director of the recycle division at Reconomy Group, said: 鈥満＝鞘悠 Waste Solutions Limited has a track record of delivering an excellent outsourced service and will be a valuable addition to the Recycle Division at Reconomy Group.鈥
海角视频 Waste Solutions managing director Max Kanda said: 鈥淲e are excited to become part of one of the 海角视频鈥檚 largest and fastest growing companies at a critical period for meeting the challenges of resource scarcity through technology- and data-led closed loop solutions as the adoption of the circular economy becomes increasingly central to how we do business globally.鈥
Cooper Parry Corporate Finance advised the 海角视频 Waste Solutions shareholders on the, marking the team鈥檚 second high profile circular economy deal in the last 18 months.
Irwin Mitchell鈥檚 Corporate team has advised Reconomy.
