Waste management firm Reconomy has announced that it has acquired environmental compliance solutions provider, Valpak Holdings, for an undisclosed figure.
Valpak provides environmental consultancy solutions and data management services, as well as the disposal of packaging, batteries and hazardous material.
This is the third business acquisition from Reconomy during 2018 and follows Waste Check and Helistrat.
Valpak will continue to operate as a separate business and brand within the Reconomy Group of companies.
Reconomy chief executive Paul Cox said: “Our vision is to bring about change to the waste industry by pioneering new technologies and methodologies that make the process of dealing with waste far easier. This goal is shared by everyone at Valpak, so the ethos of our two companies is already very closely aligned.
“The acquisition of Valpak is another important step in Reconomy’s journey, enabling us to further broaden our sustainability and waste management offering. In 2019 Reconomy celebrates its 25th year of being in business and this acquisition is the first step in what promises to be an exciting twelve months for the company.”
Valpak chief executive Steve Gough said: “With the launch of the government’s resource and waste strategy, the packaging and recycling industries are set for positive change. Valpak has seen significant growth and expansion over the past six years.
“As part of the Reconomy Group, I am confident we will be well-positioned to address that change and better support our members’ needs. At the same time, we will benefit from being part of a larger group with a wide range of services, similar culture and shared objectives in excellence and pioneering the industry.”