Reconomy Group signs deal for German recycling broker
05 March 2024
Reconomy Group, a specialist in waste management and circular economy, has expanded its global presence with the acquisition a European recycling broker and logistics company.
Guy Wakeley, CEO at Reconomy. (PHOTO: Reconomy)
The United Kingdom-based consultancy recently completed its acquisition of German company Sudamin Rohstoff, which provides a range of waste management services including the recovery and transport of valuable metals from the iron and steel industry.
Guy Wakeley, Chief Executive at Reconomy, said: “Reconomy is delighted to partner with Sudamin, Europe’s leading specialist in the recovery of zinc and other valuable metals from the by-products of electric arc furnaces.
“We see real potential to develop new recycling and recovery streams across our client base as the steel industry adapts to the opportunities of the circular economy.”
While the value of the purchase deal was not disclosed, Reconomy said the move would enrich its capabilities and complement the services offered by its Combineering and RLG brands.
“By leveraging Sudamin’s extensive market presence in the steel industry, Combineering – Reconomy’s Denmark-based greentech development business – will combine its expertise in other inorganic industries to develop innovative solutions for steel industry by-products,” said the company.
Martin Pothfelder, CEO at Sudamin Rohstoff - which also owns approvals and licences for brokering waste disposal and battery and black mass recovery services added:
“We are thrilled to be joining forces with Reconomy and contributing our expertise to further advance sustainable solutions in the circular economy.
“This acquisition marks a significant milestone for Sudamin and reaffirms our commitment to driving positive change in the recycling industry alongside Reconomy’s market-leading brands.”
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