UK – Telford-based circular economy specialist Reconomy Group has strengthened its position in the commercial waste sector, following its acquisition of UK Waste Solutions Limited.
The transaction is projected to enhance the existing market position of the Reconomy Group, especially in the commercial waste sector.
The deal will also allow Reconomy to leverage UK Waste Solutions’ offerings for various industries and sectors.
It will further complement Reconomy’s current business and strengthen its capabilities and presence to enhance customer services within the associated vertical.
Reconomy Group CEO Guy Wakeley said: “It is a great fit with our business due to our shared commitment to developing closed-loop solutions that will accelerate the shift towards a more circular economy.
“The transaction is consistent with our ambitious plans to grow both organically and through further acquisitions in the UK and around the world.”
Reconomy said that this acquisition will make it the ‘biggest’ technology-based, outsourced resource management company in the UK.
Meanwhile, UK Waste Solutions owns four main brands, including Novati, AMA, Click Waste UK and Evolution, with an estimated 160 employees.
Max Kanda, UK Waste Solutions’ managing director added: “Reconomy Group’s commitment to innovation in the circular economy and well-established footprint across the UK market will strengthen our combined growth, as we will be able to offer a wider range of services to our joint customer base.
“We are excited to become part of one of the UK’s largest and fastest-growing companies at a critical period for meeting the challenges of resource scarcity through technology- and data-led closed-loop solutions as adoption of the circular economy becomes increasingly central to how we do business globally.”
The transaction follows the acquisition of Denmark-based green-tech business Combineering in February.
Mactac acquires roll label supplier Label Supply
Meanwhile, Pressure-sensitive adhesives supplier Mactac has strengthened its portfolio with the acquisition of family-owned Canadian roll label distributor, Label Supply.
The acquisition is expected to close on June 1, 2023, and consists of an established, turnkey facility with 11 finishing assets, a comprehensive transportation/shipping fleet, a robust laboratory and technical resource group, and an in-house ink partner.
With the added support of Mactac, Label Supply benefits from a larger customer base, capital access, information technology, and broad, consistent product supply.
The acquisition expands the geographic reach of both companies in the Canadian market, creating a unique service and product offering that provides specialty products, services, and large quantities to more customers throughout Eastern Canada.
Ed LaForge, Mactac president and CEO said: “Label Supply runs a highly successful business that is fast, agile and customer service centric.
“They excel at meeting small to medium converters’ needs within Ontario, Canada, particularly the greater Toronto region.
“This acquisition, like others we’ve made within the past two years, will build upon the proven success of Label Supply. We will enhance what they do by broadening service throughout Eastern Canada and providing additional equipment and technology solutions that will also meet the needs of the region’s larger customers.”
Following the acquisition, Mactac has committed to investing in Label Supply’s resources, technology, and equipment to help expand its operational and commercial capabilities.
Mactac is strengthening its position in the North American label market through asset expansion and various acquisitions.
Duraco snaps up US self-adhesive manufacturer Strata-Tac
In other news, Duraco, which is backed by OpenGate Capital, has acquired US-based self-adhesive and coated films manufacturer Strata-Tac.
The acquisition highlights Duraco’s commitment to providing technically advanced, customized solutions across growing end markets.
In addition, Duraco can benefit from Strata-Tac’s expertise in water-based chemistry.
Duraco CEO Ed Byczynski said: “The addition of Strata-Tac further adds to Duraco’s strong capabilities as a leading manufacturer of custom speciality labels and coated films in North America.”
Headquartered in St. Charles, Illinois, Strata-Tac offers a wide range of customized pressure-sensitive solutions, to label converters and manufacturers.
Since its founding in 1995, the company has consistently grown its coating capabilities and portfolio in tapes, labels, liners, and face stocks to service the critical performance needs of its customers across applications in medical/pharmaceutical labeling, brand protection, and durable labeling.
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