Irwin Mitchell Advises On Deal To Buy Waste Source Ltd

The Corporate team at law firm Irwin Mitchell has advised Reconomy, the UK’s leading provider of outsourced resource management and environmental services, on its acquisition of Waste Source Ltd.

The deal to buy the Bristol based independent waste broker is the latest acquisition by Reconomy and demonstrates it strategic drive to further strengthen its proposition for business and industry customers in the UK.

Established in 2010 and boasting a customer based including Oak Furnitureland and Turtle Bay, Waste Source provides waste collection, recycling and disposal solutions to businesses primarily in commercial sectors such as retail and hospitality. 

The deal is the second to be completed by Reconomy in Q4 and reflects its commitment to continuing its significant growth in the UK, following their first foray into the international market with the recent deal to buy German-based packaging compliance provider, Noventiz.

Corporate partner at Irwin Mitchell, Emma Callow, along with associate Matt Smith, advised Reconomy.

Commenting on the deal, Reconomy’s CEO, Paul Cox, said: 

“Following our recent ground-breaking acquisition activity in Europe, we’re delighted to welcome Waste Source to the Reconomy Group – a move that helps strengthen our UK SME and trade waste proposition and allows an even broader profile of customers to benefit from Reconomy’s technology-enabled approach. In recent years we have put a lot of focus on the development of our business and industry sector. Waste Source will bring even more expertise, capability and experience into the group as part of that strategy and we look forward to working with the team”.

Chris Holland, Managing Director at Waste Source, added: 

“This is a very exciting move for Waste Source and our ambitious, motivated team. We see many synergies with the Reconomy Group in terms of the focus on service, innovation, technology and sustainability. Despite the adversity we have all faced this year, our team and customer base has grown, we have a fantastic platform to spring from in 2021 and I’m positive that Reconomy’s ambition and group resources will be a key contributor to help us deliver further success and continue to wow our customers”.