Reconomy Group company, Reverse Logistics GmbH (RLG), is taking over RENE AG, a German service company for compliance solutions in the field of recycling management.
RENE AG has 17 years of experience in the field of electrical and electronic equipment, batteries and packaging regulations, operating in over 60 countries worldwide.
Reconomy Group says the takeover fits its strategy as an asset-light company to further expand its leading role as a comprehensive provider of global compliance solutions. The company continues that RENE complements Reconomy Group’s range of compliance schemes in Europe and offers attractive solutions for data management and payment services for customers in B2B and B2C markets.
We have enjoyed phenomenal recent growth in our Comply division, serving over 80 countries worldwide.
Through the acquisition, Reconomy Group says its Comply Division can now offer customers unique access to a high-quality, global recycling network and thus provide effective and environmentally friendly logistics solutions.
Reconomy Group says its Comply Division already consists of Valpak, Noventiz, and RLG which provide a comprehensive global sustainability consultancy and environmental compliance service to major customers in all sectors.
The company says that RENE AG will be primarily aligned with RLG and the combination of complementary services will bring significant benefits to customers. Both companies run WEEE and battery takeback systems and have networks of approved recyclers, Reconomy Group says this move expands the overall geographical reach and capability.
Reconomy Group CEO, Paul Cox, said: “The acquisition of RENE is part of our strategic roadmap to make Reconomy Group the leading global player for environmental compliance and sustainable solutions for the return of products and materials.
“We have enjoyed phenomenal recent growth in our Comply division, serving over 80 countries worldwide.
“We’re sure that the addition of RENE will strengthen our offering even further, helping us to work towards our purpose of creating a truly sustainable world by conserving finite resources. We warmly welcome all RENE colleagues into the Reconomy Group family.”