Waste management provider Reconomy Group has acquired Bradford-based global supply chain and business ASCG.
Telford-based Reconomy, a provider of outsourced, asset-light services to the circular economy, said the transaction would allow ASCG’s customers to benefit from its sustainability expertise as its strategy delivers against social, environmental, and business objectives.
ASCG will carry on operating under its own brand within the Reconomy Group’s Product Returns division, collaborating across the business and joining recently acquired ReBOUND and Cycleon to develop new ways for omnichannel retailers to make their supply chain a competitive advantage. As e-commerce grows, ASCG and the Reconomy Group will offer technology-enabled global support to retailers seeking to manage their environmental impact.
ASCG”s chairman Mike Danby is leaving the business as part of the deal. Claire Webb will lead the business as managing director with Ben Balfour as business operations director, supported by a senior leadership team. Reconomy said this means that ASCG’s employees, clients and partners can expect stability and business continuity. ASCG employs 1,800 people globally and plans to create about 800 jobs during its peak season, including roles at sites in Bradford, Halifax, Sheffield and Corby, as well as HGV drivers across the UK.
Paul Cox, CEO of the Reconomy Group said: “This deal was attractive because of ASCG’s deep sector expertise, exceptional team, innovative bespoke technology, agile culture and unwavering approach to excellent customer service, which matches our own.
‘The breadth of ASCG’s value-added services will enhance the Reconomy Group’s existing industry-leading product returns proposition. We’re excited about the future potential and confident that this acquisition will allow us to provide even more comprehensive support to our customers as they pursue sustainable, circular approaches.”
Webb said: “We’ve experienced high growth for more than a decade and we have ambitions to accelerate this while continuing to push boundaries for supply chain innovation. Since joining the business three years ago, I’ve been continuously impressed by our team’s ability to use intelligent supply chain solutions to solve problems and create game-changing processes for our retail customers.”
“We are creating hundreds of jobs across the North and Midlands, and this means we can offer even more rewarding career opportunities to existing teams and new hires.
“The deal marks a statement of intent for the future and provides huge benefits for our team and customers now we’re part of a bigger yet still entrepreneurial organisation. ESG is top of every business’ agenda and with Reconomy’s credentials and track record, we’ll be able to help our clients with their sustainability goals.”
Image credit | Reconomy Group