Reconomy acquisition adds to existing UK WEEE and batteries compliance activity
Valpak by Reconomy acquires Ecosurety’s WEEE and Batteries Compliance schemes, adding to Reconomy’s existing compliance capabilities. Reconomy has increased its waste electricals and batteries compliance activity in the UK.
Reconomy’s specialist brand, Valpak, has acquired Ecosurety’s UK Waste Electrical and Electronic Equipment (WEEE) and Batteries Compliance Schemes which help companies meet their legal obligations and avoid enforcement actions.
Bristol-based Shaw & Co provided corporate finance advice to Ecosurety on the deal which broadens the Valpak offering by adding a complementary list of producers and distributors to Valpak’s existing activities.
The WEEE Scheme enables businesses to report on the weight of waste placed on the market ensuring correct categorisation and accurate data, as well as financing a proportion of the costs for the collection, treatment and recovery of the waste if it exceeds the five-tonne threshold.
The Batteries Scheme helps small or large producers of batteries report the weight of batteries placed on the UK market and helps large producers finance the collections, treatment and recovery of batteries as proportionate to UK recycling targets.
For distributors of batteries selling over 32kg of portable batteries to end users annually, the Scheme helps make provision for the collection of waste portable batteries at no charge and inform end users of the take back service at point of sale.
Steve Gough, CEO of Valpak by Reconomy, commented: “Reducing the environmental impact of waste electricals and batteries is core to our mission and we are delighted to strengthen our capabilities and welcome our new customers. Bolstering our proposition in this way supports our growth strategy as we deliver against Reconomy’s goal to enable the circular economy by becoming the leading international player for environmental compliance.”
Will Ghali, CEO of Ecosurety, said: “Ecosurety is on a mission to accelerate change towards an environmentally sustainable world. By divesting from less strategic areas, we will be able to invest further in developing our data services and infrastructure associated with Packaging Extended Producer Responsibility (EPR). We are excited to expand our support to our growing packaging producer member base and to focus on packaging sustainability where we can make the biggest impact.”
Rob Starr, Partner – M&A, Shaw & Co, said: “This deal has resulted in an excellent outcome for both sides. While it has enabled Reconomy to continue its expansion into the UK, Ecosurety can be confident that they have found the ideal buyer to maintain the outstanding levels of service and support enjoyed by partners of its WEEE and Batteries Compliance schemes.”