Reconomy announces new business acquisition
Reconomy, has today confirmed the business acquisition of nationally-operating waste management broker, Waste Check LtdBased in Bromsgrove, Waste Check specialises in the compliant disposal of clinical and chemical waste materials for businesses operating across numerous business sectors, including healthcare, retail and care homes.This latest purchase by Reconomy follows the acquisition of Cory Environmental’s waste brokerage businesses in 2016, along with both Countrywide Waste Management Ltd and Network Waste in 2015. By continuing to follow a path of acquisition and organic business growth, Reconomy is predicting revenues of £135m by the end of 2018.Commenting on the acquisition, Chief Executive of Reconomy, Paul Cox, said: “This is an important acquisition for Reconomy, which enables us to extend our waste management offering into a broader range of industries and commercial sectors.”We will continue to expand our business portfolio and invest in the companies we acquire to enhance both their technological and waste reporting capabilities. This will help ensure our customers receive the best possible service.”Waste Check is a family-run business with an established reputation for delivering excellent customer service, so its culture will align very well with that of Reconomy. We are looking forward to a long and prosperous future together.”Telford-based Reconomy provides recycling and waste management services to many of the leading names across the housebuilding, commercial construction and infrastructure sectors. Last year, the company managed over 3m tonnes of waste on behalf of its client, diverting 93% of this away from landfill.