Noven­tiz joins the Reconomy/Valpak fami­ly

Noven­tiz joins the Reconomy/Valpak fami­ly


Colo­gne, 31 Octo­ber 2020 – The Noven­tiz Group, a cer­ti­fied was­te manage­ment com­pa­ny and ser­vice pro­vi­der for obli­ga­ti­ons under was­te legis­la­ti­on and Reco­no­my Ltd., a lea­ding pro­vi­der of dis­po­sal and take-back solu­ti­ons in the United King­dom, have signed an agree­ment to acqui­re the ope­ra­ting Noven­tiz

After purcha­sing Noven­tiz GmbH, Noven­tiz Dual GmbH, Noven­tiz Digi­tal GmbH and Noven­tiz Digi­tal GmbH, Noven­tiz will beco­me part of Reco­no­my Ltd.

Dirk Box­ham­mer, Mana­ging Direc­tor of Noven­tiz, says: „Noven­tiz is proud to have won the trust of Reco­no­my and to beco­me part of the Reconomy/Valpak fami­ly. We’re con­fi­dent that this will streng­then our posi­ti­on in the Ger­man mar­ket. By working tog­e­ther with our UK col­le­agues, we will be able to offer our cli­ents pan-Euro­pean solu­ti­ons for par­ti­ci­pa­ting with sales pack­a­ging, elec­tri­cal and elec­tro­nic equip­ment and bat­te­ries.”

Two com­pa­nies, one visi­on

Foun­ded in Colo­gne in 2007, Noven­tiz now employs 60 peo­p­le and has an annu­al tur­no­ver of €38 mil­li­on in Ger­ma­ny and Euro­pe. By joi­ning forces with Reco­no­my Ltd., Noven­tiz aims to offer more solu­ti­ons to the Euro­pean mar­ket.

For Reco­no­my Ltd. and Val­pak Ltd., ope­ra­tors of the UK’s lar­gest and lon­gest run­ning pack­a­ging take-back sche­me, the acqui­si­ti­on of the Noven­tiz Group is the first step towards inter­na­tio­nal expan­si­on.

Paul Cox, Chief Exe­cu­ti­ve of Reco­no­my, adds: “The acqui­si­ti­on of Noven­tiz, marks an exci­ting first step for Reco­no­my in estab­li­shing a Euro­pean and inter­na­tio­nal mar­ket pre­sence. Our visi­on is to offer envi­ron­men­tal ser­vices to cli­ents around the world. With Noventiz’s exper­ti­se and know­ledge of the Ger­man mar­ket, the Group will be able to build on the suc­cess and expe­ri­ence that Reco­no­my has gai­ned in pro­vi­ding take-back and com­pli­ance solu­ti­ons.”

The tran­sac­tion is sub­ject to the appr­oval by the Ger­man Fede­ral Car­tel Office and expec­ted to be com­ple­ted by the end of Novem­ber. The tran­sac­tion was advi­sed by Black­wood Capi­tal Group (UK) Limi­t­ed, Lon­don / Frank­furt am Main.


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