Waste management and recycling company Reconomy has announced the acquisition of
Founded in 2000 and based in Kent, Prismm provides consultancy, waste management and compliance services – specialising in the output from UK factories and materials that are particularly difficult to recycle.
They aim to achieve zero to landfill for their many clients, primarily in the printing and packaging industries, Reconomy says.
This is the fourth business acquisition announced by Reconomy in little over 12 months, following that of Waste Check, Helistrat and Valpak in 2018. By continuing to combine strategic acquisition and organic business growth, the Reconomy Group’s combined revenue for the end of 2019 is forecast to exceed £260m.
“This is another important step in our ambition to double the size of the Reconomy group in the next two to three years and further enhance our proposition in the business and industry sector”
“Prismm’s reputation for innovative thinking and adopting new ways of working aligns closely with Reconomy’s core strategic aim of prioritising tech-enablement to enhance customer experience via more detailed waste data, faster turnaround of information and improved accuracy in service fulfilment”, the company said in a statement.
Commenting on the acquisition, Chief Executive of Reconomy, Paul Cox, said: “We’re delighted to announce the acquisition of Prismm, a company that shares Reconomy’s focus on customer-centricity and working collaboratively to find innovative solutions to today’s waste management challenges. This is another important step in our ambition to double the size of the Reconomy group in the next two to three years and further enhance our proposition in the business and industry sector”
Mike Jackson, Managing Director of Prismm, said: “These are very exciting times for Prismm. We have managed to find a company with the same values as ours for innovation and excellence in service. Our team are extremely excited about taking Prismm to the next level now we are part of the Reconomy Group of Companies”.