Reconomy announces acquisition

Telford, United Kingdom-based Reconomy has confirmed it has acquired Waste Check Ltd., a waste management broker operating in the U.K.

Waste Check, based near Birmingham, U.K., specializes in the disposal of clinical and chemical waste materials for businesses operating in several business sectors, including health care, retail and retirement communities.

The acquisition of Waste Check follows Reconomy’s acquisition of Cory Environmental’s waste businesses in 2016, along with both Countrywide Waste Management Ltd. and Network Waste in 2015.

With the acquisitions, Reconomy is forecasting revenue of £135 million ($187 million) by the end of 2018.

“This is an important acquisition for Reconomy [that] enables us to extend our waste management offering into a broader range of industries and commercial sectors,” says Paul Cox, CEO of Reconomy.

Adds Cox, “We will continue to expand our business portfolio and invest in the companies we acquire to enhance both their technological and waste reporting capabilities. This will help ensure our customers receive the best possible service. Waste Check is a family-run business with an established reputation for delivering excellent customer service, so its culture will align very well with that of Reconomy.”

Reconomy provides recycling and waste management services to the home building, commercial construction and infrastructure sectors. In 2017, the company managed more than 3 million metric tons of waste and recyclables on behalf of its customers, achieving a landfill diversion rate of 93 percent, according to the firm.