Irwin Mitchell Advise On A Deal Set To Deliver Long-Term Growth Ambitions For Leading Waste And Resource Management Provider
Irwin Mitchell’s corporate team has advised waste management group Reconomy on its acquisition of leading recycling firm Casepak and sister company, Oceala.
Based in Telford, as a leading provider of waste and resource management services, the Reconomy Group has spent the last 12 months boosting its operations, with Casepak the firm’s fourth acquisition of 2021 that has seen Reconomy’s overall annual turnover run-rate exceed £800m. The Group works with thousands of businesses, from SMEs to blue chip firms, helping them manage resources and deliver their sustainability objectives.
Irwin Mitchell corporate partner Emma Callow, together with Associate Matt Smith and Tom Wisniewski advised Reconomy on the deal, which is set to enhance the firm’s long-term growth ambitions in the UK waste management sector.
Founded in 1973, Leicester-based Casepak employs 83 staff across two recycling facilities, working with corporate customers and local authorities to increase recycling rates and has grown to become one of the UK’s leading waste management companies.
Casepak’s materials recycling facility has the capacity to process up to 165,000 tonnes of material each year, with a recovery rate of 95 per cent; while sister firm Oceala focuses on providing specialist waste management services for UK retailers.
Paul Cox, CEO of the Reconomy Group, said: “We’re delighted to bring Casepak into the Reconomy family and wish a warm welcome to all of our new colleagues.
“Casepak is an innovative company, with a commitment to high quality and great customer service. We see great potential for the future as the Reconomy Group continues to build its portfolio of services and deliver a circular economy vision, helping our commercial customers work towards a sustainable future.”
Expert Opinion“The acquisition of Casepak and Oceala seals what was a hugely successful 2021 for Reconomy. We’re delighted to have advised on a deal that not only enhances the firm’s existing capabilities, but crystallises Reconomy’s long term commitment to the UK’s recycling infrastructure.
“The move represents good news for the local economy and will enable Casepak employees and customers to benefit from increased innovation and investment as part of the wider Reconomy Group family.” Matt Smith - Senior Associate Solicitor
Cooper Parry Corporate Finance and Knights plc acted as lead advisor and legal advisor respectively to Casepak and Oceala shareholders. Transactional tax advice was provided by Cooper Parry Tax.