Reconomy announce new acquisition

Shropshire-based recycling firm strengthens its market position with purchase of Countrywide Waste Management Ltd

RECONOMY, one of the UK’s leading providers of outsourced recycling and waste-management services, have acquired Shrewsbury-based Countrywide Waste Management and their Milton Keynes-based subsidiary MT Waste Solutions.

Reconomy say the acquisition demonstrates ‘a significant step towards ensuring we continue to provide industry leading services to an increasing number of clients that view outsourcing their recycling and waste services as the most efficient method of managing their waste’.

The move follows successive years of high growth; last year the company said it enjoyed a growth rate of around 15% and the business was named as one of Britain’s 10 fastest growing waste companies (based on 2012 and 2013 performance) by the Charted Institution of Wastes Management (CIWM).

Paul Cox, managing director of Reconomy said: ‘We are delighted to have acquired Countrywide Waste Management to further establish ourselves as a leading provider of waste-management services to the construction and related industries. The synergies between the two businesses, both in terms of culture and customer base, means Reconomy will quickly benefit from an increased supply chain that can deliver enhanced customer requirements, satisfaction and competitive prices.’