Reconomy Acquired its first US Company
In August this year, UK-based circular economy company Reconomy announced the acquisition of Lincoln Waste Solutions LLC, a leading US-based waste and recycling management and consulting firm.
According to Reconomy, Lincoln provides a comprehensive, full-service management approach to handle all types of waste and recycling. “Its services include recycling, waste consulting, hauler management and back-office support. Lincoln’s objective is to work closely with its clients and vendors to achieve higher levels of waste efficiency, recycling, sustainability data and cost savings.” The company would have a strong track record of servicing hundreds of clients across the USA, Canada and Puerto Rico.
As reported, the transaction is Reconomy’s first US-based acquisition, “representing an important strategic milestone” for the company and providing it with a platform to accelerate growth in North America. It builds on the company’s existing presence in North America. Through its RLG brand (RLG = Reverse Logistics Group), Reconomy would already provide the technology “that powers the common collection scheme for kerbside recycling in Ontario, Canada”. RLG would also manage the WEEE and battery compliance obligations for some of the largest consumer electronics brands across the USA from its offices in New Jersey.
The acquisition is the third one this year, including Circle Waste (UK) and Sudamin Rohstoff (Germany). Reconomy operates in over 80 countries with over 4,000 colleagues servicing over 10,000 customers.
(Published in GLOBAL RECYCLING Magazine 3/2024, Page 21, Photo: Landratsamt Kitzingen studio zudem / abfallbild.de)
