Reconomy Group has confirmed it has completed the acquisition of UK Waste Solutions Ltd.
Headquartered in Newark, Nottinghamshire, UK Waste Solutions are sustainability consultants and managers who specialise in supporting customers across the hospitality, distribution, transport, facilities management, manufacturing and construction sectors. Through its flagship Novati brand, it works with many well-known and highly respected brands, including Marston’s, Prezzo, Roadchef, Network Rail, CBRE and Birmingham Airport.
The acquisition of this fast-growing, profitable business and the independent waste broker in the UK includes all four of UK Waste Solution’s primary brands (Novati, AMA, Click Waste UK and Evolution) and its 160 employees. It further strengthens Reconomy’s position in the commercial waste sector as the biggest technology-enabled, outsourced resource management solution in the UK.
The transaction follows the acquisition of Denmark-based green-tech business Combineering in February this year. Reconomy Group recorded revenues of over £1 bn through 2022 across its 30 offices worldwide and is one of the UK’s largest and fastest-growing businesses operating in the circular economy, waste management and sustainability sectors.
Guy Wakeley, Chief Executive, Reconomy Group, said, “We are delighted to welcome the UK Waste Solutions team to Reconomy Group. It 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. The transaction is consistent with our ambitious plans to grow both organically and through further acquisitions in the UK and around the world.”
Michael Benton, Managing Director of the Recycle Division, Reconomy Group, commented, “UK Waste Solutions has a track record of delivering an excellent outsourced service and will be a valuable addition to the Recycle Division at Reconomy Group.”
Max Kanda, Managing Director, UK Waste Solutions, said, “We are excited to become part of one of the UK’s 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.”