FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
Global circular economy business, Reconomy Group, has acquired Doncaster-based waste and materials management solutions provider Ecofficiency Limited.
The acquisition of Ecofficiency’s specialist soil sampling and remediation services – designed to reduce the bulk volume of waste by segregating hazardous materials and retaining recycled soils on site – further enhances the breadth and depth of services that Reconomy Group offers its clients across the UK’s construction, infrastructure and house-building waste management sectors.
Expanding into this specialism aligns with the Group’s mission to achieve a more circular economy where finite resources are preserved while simultaneously creating value for businesses and supporting economic growth.
The Ecofficiency transaction follows the 2023 acquisitions of Denmark-based green-tech business Combineering in February and UK Waste Solutions Limited, a major independent outsourced waste provider in the UK in May.
Guy Wakeley, Chief Executive of Reconomy Group, commented: “Reconomy is delivering on our strategy of strong growth, organically and through global acquisitions that strengthen and differentiate our offering. Ecofficiency enhances our remediation capabilities and will be a fantastic addition to Reconomy as we relentlessly pursue our joint ambition of a more circular, sustainable economy.”
Michael Benton, Managing Director of the Recycle Division at Reconomy Group, said: “Ecofficiency brings expertise and specialist skills that will be of vast benefit to our customers. Materials management and reuse are crucial in preserving our resources. There is a strong cultural fit between the two businesses with our shared customer focus and belief in delivering added value and minimising environmental damage.”
Simon Raven, Managing Director of Ecofficiency, said: “We are delighted to be joining Reconomy Group, a market leader in the waste management and sustainability sector. Together, we are in a great position to continue innovating as we drive the circular economy forwards and help businesses become more sustainable.”
Reconomy Group recorded revenues of over £1 billion through FY 2022 across its 30 offices worldwide and is one of the UK’s largest and fastest-growing businesses operating in the circular economy, waste management and sustainability sectors.
Are you confident that your contractors and suppliers meet ethical labour standards and human rights obligations?
For many FM services, managing multiple third parties in the supply chain can be a complex challenge. And, in a sector that relies heavily on migrant workers and 65 per cent of FM services facing difficulties in sourcing workers (Q4 2022 RICS survey), exposure to exploitation and modern slavery is a very real risk. With the UK one of the biggest destinations in Europe for trafficking of workers, you need full visibility of the people you work with, so you can minimise your risks and identify which part of your supply chain is most vulnerable.
FMJ, in partnership with Alcumus, is pleased to bring together a panel of experts to discuss how to create an ethical supply chain in FM.
Taking place at 11am on Wednesday 21st of June, the webinar will discuss:
- The regulations to be aware of that are aimed at preventing human right abuses.
- How to gain greater visibility of modern slavery compliance in the supply chain by having a robust verification process in place.
- Steps to creating a compliant, ethical supply chain.
To register for the webinar click here.
