Business

Shanks rebrands as Renewi following merger

Waste management firm Shanks Group has announced that the company is rebranding as Renewi following the completion of its merger with Dutch firm Van Gansewinkel.

Shanks rebrands as Renewi following merger
The new name aims to position the relaunched business at the centre of the circular economy and, the group says, to highlight ‘that innovation to develop new products and high-quality secondary raw materials is very much part of Renewi’s future’.

This relaunch has been accompanied by four mission statements, declaring that Renewi will: preserve the world’s limited resources; protect the world from contamination; provide new materials for manufacturers to create products; and enable customers to meet sustainability goals. As part of its branding, the new company has adopted the strapline ‘Waste no more’.

Van Gansewinkel, one of the largest waste collection and recycling businesses in the Benelux region, had a reported turnover of €946 million (£717 million) in 2015.

Last year, Shanks confirmed its interest in taking over the group, stating that that a key part of Shanks’s strategy is to manage the group’s portfolio to accelerate growth through the acquisition of value-enhancing businesses and that the Shanks board believed the structure and conditions in the Benelux solid waste market has the potential to ‘transform and enhance’ the company’s position in the region.

‘Passionate’ about the circular economy

As part of the merger, a new senior management team has been put in place to help the integration of the businesses. Peter Dilnot, former Group Chief Executive of Shanks, will continue as CEO of Renewi.

The company will be headquartered in Shanks’s former base in Milton Keynes, with regional offices in Netherlands, Belgium, France, Portugal, Hungary, Germany and Canada. From 1 March, it has been renamed as RWI on the London Stock Exchange, with stock currently trading at around 95.5p.

Commenting on the rebrand, Dilnot said: “Renewi brings together Shanks and Van Gansewinkel to create a new, international waste-to-product leader. With our deep international expertise, we also provide them with an extensive product range, combined with local service and attention. The circular economy is something that we are passionate about, and this is captured by Renewi’s fundamental vision to ‘waste no more’.”

Together the company will have around 8,000 employees across nine countries in Europe and North America, operating across five divisions:

  • Netherlands Commercial;
  • Belgium Commercial;
  • Hazardous Waste;
  • Monostreams – which will manage a range of waste streams that focus on specific end markets such as glass, electronic goods, organics and minerals in Europe; and
  • Municipal – which will operate long-term waste management contracts with local authorities in the UK and Canada.

Dilnot added: “For us, waste is a state of mind, an opportunity. When we take away someone’s waste, we then give it new life. We transform a wide range of used materials into valuable products for our customers, like recycled paper, metal, plastic and glass, clean water, woodchips and compost, energy and fuel, and other products.”

More information about Renewi can be found on the new company’s website.

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