Outsourced resource administration and environmental services service provider, Reconomy, has continuing its transformational growth technique with the acquisition of Eurokey Recycling Ltd.
The shift adds further capability with regards to the company’s providing to its customers over the team and accelerates its ambition to become global head in the provision of solutions to the circular economic climate.
Located in Leicester and created in 1995, Eurokey offers commodity trading and reprocessing providers to commercial clients in the united kingdom and internationally, helping customers to meet their needs for the way to obtain recycled material in creation and manufacturing.
By adding Eurokey, the Reconomy Group’s annualised turnover will be more than £550 million.
Commenting on the offer, Reconomy’s CEO, Paul Cox, stated: “We’re thrilled to announce the acquisition of Eurokey and welcome their group into the Reconomy loved ones.
“The business enterprise has a great history of achievement and brings considerable knowledge and additional capabilities in to the group. We shall now have the ability to support a lot more of certain requirements of our primary UK customers and in addition scale up within our ambitious international growth plans.
“I’m sure with our shared concentrate on providing great customer support and providing operational excellence through technologies, Eurokey and reconomy are likely to make a big effect on driving the circular economic climate.”
John Dhillon, Handling Director of Eurokey, mentioned: “We’re delighted to become portion of the Reconomy Team which deal represents a thrilling step in the growth of Eurokey with an organization that mirrors our very own values.
“With exciting tasks planned for 2021/2022 currently, which will revolutionise the, being section of the Reconomy Team we can drive these programs even further forward. We’re seeking to delivering a joint eyesight and strategic approach ahead, which includes being section of a dynamic business who share exactly the same targets for the circular economic climate.”