Reconomy continues growth with acquisition of Casepak
Environmental services provider Reconomy has recently acquired Casepak, along with its sister company Oceala.
Casepak was founded in 1973 by George Smith and has grown into one of the UK’s leading recycling and waste management companies. Casepak operates two facilities in Leicester – a collection and processing facility that provides specialist sortation services and a materials recycling facility (MRF) that sorts mixed recyclables, producing TEEP compliant outputs.
Casepak works with a range of commercial customers as well as partnering with Local Authorities throughout the UK to increase recycling rates, while Oceala specialises in providing waste management services to high profile retailers across the country.
Mark Smith, Joint Managing Director of Casepak said: “We are extremely proud to have grown Casepak into such a successful company while remaining family-owned and operated. However, to continue to grow and take advantage of future opportunities the time is right to change the ownership structure and we are very excited to join up with the Reconomy Group. It will remain very much business as usual for our staff and customers, while providing further scope for increased innovation and development.”
Paul Cox, CEO of the Reconomy Group added: “We’re delighted to bring Casepak into the Reconomy family and wish a warm welcome to all of our new colleagues. Casepak is an innovative company, with a commitment to high quality and great customer service. We see great potential for the future as the Reconomy Group continues to build its portfolio of services and deliver a circular economy vision, helping our commercial customers work towards a sustainable future.”
The deal marked Reconomy’s fourth acquisition of 2021. Earlier in the year, the Reconomy Group acquired Eurokey and in September announced a £15m investment in a new sorting facility in Kettering for supermarket films and flexible plastics, which is set to come online this year. The addition of Casepak, Reconomy states, will further enhance the Reconomy Group’s existing processing capabilities.