Doncaster-based firm Ecofficiency acquired by circular economy specialist Reconomy Group

The group says the acquisition of Ecofficiency’s specialist soil sampling and remediation services – designed to reduce the bulk volume of waste by segregating hazardous materials and retaining recycled soils on site – will further enhance the “breadth and depth of services” that it offers clients.

Guy Wakeley, chief executive of Reconomy Group, said: “Reconomy is delivering on our strategy of strong growth, organically and through global acquisitions that strengthen and differentiate our offering.

“Ecofficiency enhances our remediation capabilities and will be a fantastic addition to Reconomy as we relentlessly pursue our joint ambition of a more circular, sustainable economy.”

The Ecofficiency transaction follows the 2023 acquisitions of Denmark-based green-tech business Combineering in February and UK Waste Solutions Limited, a major independent outsourced waste provider in the UK, in May.

Reconomy Group recorded revenues of over £1 billion through FY 2022 across its 30 offices worldwide and is one of the UK’s largest and fastest-growing businesses operating in the circular economy, waste management and sustainability sectors.

Reconomy added that expanding into this specialism aligns with the group’s mission to achieve “a more circular economy where finite resources are preserved while simultaneously creating value for businesses and supporting economic growth”.

Michael Benton, managing director of the Recycle Division at Reconomy Group, said: “Ecofficiency brings expertise and specialist skills that will be of vast benefit to our customers.

“There is a strong cultural fit between the two businesses with our shared customer focus and belief in delivering added value and minimising environmental damage.”

Simon Raven, managing director of Ecofficiency, said: “We are delighted to be joining Reconomy Group, a market leader in the waste management and sustainability sector. Together, we are in a great position to continue innovating as we drive the circular economy forwards and help businesses become more sustainable.”