Reconomy buys broker Waste Source

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Reconomy

Waste Source has been bought by outsourcing resource management firm Reconomy for an undisclosed sum.

The waste broker is based in Bristol and provides waste collection, recycling and disposal solutions to businesses in retail and hospitality.

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Customers include Oakfurnitureland, Extra, Giggling Squid and Turtle Bay.

This is the second acquisition completed by Reconomy in 2020 after it recently bought German packaging compliance provider Noventiz.

It also bought Valpak, Helistrat, Prismm Environmental, Network Waste, Countryside Waste Management and others in recent years.

Reconomy chief executive Paul Cox said: “Following our recent ground-breaking acquisition activity in Europe, we’re delighted to welcome Waste Source to the Reconomy Group – a move that helps strenghten our UK SME and trade waste proposition and allows an even broader profile of customers to benefit from Reconomy’s technology-enabled approach.

“In recent years we have put a lot of focus on the development of our business and industry sector. Waste Source will bring even more expertise, capability and experience into the group as part of that strategy and we look forward to working with the team.”

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