Reconomy Group, a leading global circular economy specialist providing sustainability technology, data and services to a broad range of industries, has announced the acquisition of Ecofficiency Limited.
Ecofficiency is a Doncaster based provider of waste and materials management solutions with the transaction strengthening Reconomy Group’s leading position across the UK’s construction, infrastructure and house building waste management sectors.
The acquisition of Ecofficiency’s specialist soil sampling and remediation services – designed to reduce the bulk volume of waste by segregating hazardous materials and retaining recycled soils on site – further enhances the breadth and depth of services that Reconomy Group offers its clients.
Expanding into this specialism aligns with the group’s mission to achieve a more circular economy where finite resources are preserved while simultaneously creating value for businesses and supporting economic growth.
The Ecofficiency transaction follows the 2023 acquisitions of Denmark based green tech business Combineering in February and UK Waste Solutions Limited, a major independent outsourced waste provider in the UK in May.
Guy Wakeley, chief executive of Reconomy Group, commented: ‘Reconomy is delivering on our strategy of strong growth, organically and through global acquisitions that strengthen and differentiate our offering. Ecofficiency enhances our remediation capabilities and will be a fantastic addition to Reconomy as we relentlessly pursue our joint ambition of a more circular, sustainable economy.’
Michael Benton, managing director of the Recycle Division at Reconomy Group, said: ‘Ecofficiency brings expertise and specialist skills that will be of vast benefit to our customers. Materials management and reuse are crucial in preserving our resources. There is a strong cultural fit between the two businesses with our shared customer focus and belief in delivering added value and minimising environmental damage.’
Simon Raven, managing director of Ecofficiency, said: ‘We are delighted to be joining Reconomy Group, a market leader in the waste management and sustainability sector. Together, we are in a great position to continue innovating as we drive the circular economy forwards and help businesses become more sustainable.’