Reconomy has announced its takeover of Bristol-based Waste Source Ltd – Reconomy
Reconomy, the outsourced resource management and environmental services provider, has acquired Bristol-based Waste Source Ltd, further strengthening its foothold in trade waste operations with UK business and industry clients.
Waste Source, formed in 2010, is an independent waste broker supplying waste collection, recycling and disposal solutions to mainly retail and hospitality businesses. Its key customers include Oakfurnitureland, Extra, Giggling Squid and Turtle Bay.
This is the second completed acquisition in the final quarter of 2020 and Reconomy said it demonstrates the company‘s commitment to continuing significant growth in the UK, following its first foray into the international market with the recent purchase of Germany-based packaging compliance operative Noventiz.
Paul Cox, Reconomy’s CEO, said the latest acquisition is “a move that helps strengthen our UK SME and trade waste proposition and allows an even broader profile of customers to benefit from Reconomy’s technology-enabled approach“.
He added: “In recent years we have put a lot of focus on the development of our business and industry sector. Waste Source will bring even more expertise, capability and experience into the group as part of that strategy.”
Chris Holland, managing director at Waste Source, said: “We see many synergies with the Reconomy Group in terms of the focus on service, innovation, technology and sustainability. Despite the adversity we have all faced this year, our team and customer base has grown, we have a fantastic platform to spring from in 2021.”
Image credit | Reconomy