Reconomy acquires German firm in bid to be ‘leading global player’

Reconomy Group announced today (26 July) it has acquired German compliance specialist RENE AG as the waste management broker looks to expand its “global footprint”.

Shropshire-based Reconomy has acquired German compliance specialist RENE AG

Based in Eppishausen in Bavaria, RENE has 17 years’ experience in waste electrical and electronic equipment (WEEE), batteries and packaging regulations, Reconomy says.

RENE operates in more than 60 countries worldwide and Paul Cox, Reconomy’s CEO, said the acquisition was part of the waste broker’s “strategic roadmap” to become “the leading global player for environmental compliance and sustainable solutions for the return of products and materials”.

Mr Cox added in a statement: “We have enjoyed phenomenal recent growth in our comply division, serving over 80 countries worldwide.

“We’re sure that the addition of RENE will strengthen our offering even further, helping us to work towards our purpose of creating a truly sustainable world by conserving finite resources.”

The acquisition comes into effect retrospectively from January. Reconomy says the parties have agreed not to disclose details of the contract and the purchase price.

Compliance

Reconomy has pursued an ambitious expansion strategy during the last few years, recently announcing deals for commercial training firm Webb’s Training Services (see letsrecycle.com story) and Leicester-based waste management company Casepak (see letsrecycle.com story).

Paul Cox is Reconomy’s CEO

The waste broker’s compliance division consists of UK-based Valpak, Germany-based Noventiz and Reverse Logistics Group (RLG), which has international reach and operates its headquarters in Germany.

RENE will be “primarily aligned” to RLG, Reconomy says, “where the combination of complementary services will bring significant benefit to customers”.

Networks

Both RLG and RENE run WEEE and battery takeback systems and have networks of approved recyclers, Reconomy says. RENE operates its own take-back system for old electronic devices in Denmark.

This deal is the next step in positioning Reconomy Group even more broadly and expanding our global footprint

– Patrick Wiedemann, RLG’s CEO and CEO of Reconomy’s compliance division

Through the acquisition, Reconomy says, its compliance division can now offer customers “unique access to a high-quality, global recycling network”.

Patrick Wiedemann, RLG’s CEO and CEO of Reconomy’s compliance division, said: “This deal is the next step in positioning Reconomy Group even more broadly and expanding our global footprint.

“RENE is a great addition and culturally fits in perfectly with us due to the asset-light approach of the group and our Comply Division brands.

“In addition to the WEEE system in Denmark, the international recycling network is particularly exciting for us, but the combination also offers significant potential all round in the other service areas, and an expanded range of services for the customers of both companies.”

‘Excellent partners’

In its statement, Reconomy said RENE fitted “perfectly” with its “tech-enabled, asset-light model” and would add expertise in data management, reporting, consulting and payment services for B2B and B2C markets, “resulting in customers across all industries being able to access everything they need under one roof”.

Maximilian Scheppach, RENE’s CEO, added: “With their high standards, Reconomy Group and RLG will be excellent partners for our customers, which will invest in our products and continue the traditional strength of RENE as a comprehensive provider with a high service orientation on a national and international level.”

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