SEATTLE (Recycling Monster): UK-based Reconomy announced that it has acquired Windsor, Connecticut-based environmental services firm Lincoln Waste Solutions LLC. This is the company’s first acquisition in the North American region.
The acquisition is regarded as an important strategic milestone for Reconomy as it provides the company with a strong platform to accelerate its growth in North America. It must be noted that the company has been powering the common collection scheme for curbside recycling in Ontario, Canada through its RLG brand. Furthermore, it helps leading U.S. consumer electronics brands to manage their obsolete electronics and help them comply with battery recycling obligations.
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Reconomy had completed five acquisitions during the previous year, as part of its expansion drive. It had acquired Circle Waste of the U.K in May this year and a Germany-based furnace dust recycling firm Sudamin Rohstoff in February.
Guy Wakeley, CEO, Reconomy stated that the company is thrilled to announce this acquisition as it continues on its rapid growth trajectory to take advantage of the opportunities in the international waste management sector. The U.S. market has long been of strategic importance for the company, Wakeley said.