London-based Paper Round, which also has a facility in Brighton, said the acquisition for an undisclosed sum will allow the company to “extend its reach” into East Sussex and Kent.
Managing director of Paper Round, Bill Swan said: “The acquisition of Reef reinforces our commitment to business growth. Our Brighton business posted its best ever month in September, despite the pandemic, so now is the perfect time to expand our South coast business.
“We’re looking forward to building on the high-quality service that Reef Environmental provides its customers. This announcement comes at an exciting time for the business, as we commit to net zero by 2030 and start to electrify our entire fleet, with the purchase of three electric dustcarts costing over £1m.”
Founded by Friends of the Earth in 1988 and now an independent company, Paper Round are based in Greater London and West Sussex and describe itself as “London’s largest specialist recyclers”.
It specialises in commercial waste and collects paper, cardboard, toners, cans, plastic bottles, glass, fluorescent tubes, IT equipment and furniture.
Reef Environmental Solutions offer services such as confidential waste and paper shredding, recycling, and trade waste services, which will expand Paper Round’s portfolio and service offering in the South East.
It covers Sussex and Kent and customers include offices, local government, the NHS, and charities.
Richard Taylor, director of Reef Environmental Solutions commented: “It is great to now be part of Paper Round, who share our key values of service excellence and reliability, but with the added benefit of bringing a wide range of new recycling services to our customers and the South East.”