SEATTLE (Recycling Monster): Leader of the circular economy Reconomy announced the purchase of American Outsourced Waste and Recycling (AOWR), a leading provider of specialized waste management services and based in East Hartford, Connecticut.
The most recent acquisition aligns with Reconomy's strategy goals to use the quickly expanding trash sector in the United States. The market for serviceable waste management in the United States is expected to expand at a rate of 4–6% annually. Additionally, this marks the completion of the third acquisition in the United States this year. It stated earlier in January that it had acquired Waste Focus and Complete Solutions & Sourcing. It should be mentioned that the business has already finished five acquisitions in the United States.
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The most recent acquisition, according to Guy Wakeley, CEO of Reconomy, is another step in the company's quest to become a market leader in the United States. Additionally, it demonstrates Reconomy's dedication to effective capital allocation to the most alluring prospects.
In the meantime, American Outsourced Waste & Recycling President Jack Eighmy stated that Reconomy's support will put the business in a position to provide its clients with even greater services.