Clearwater International has advised Valpak Holdings Limited (Valpak) the UK’s largest environmental compliance solutions provider, on its sale to Reconomy, the UK’s leading provider of outsourced waste management and recycling services, for an undisclosed figure.
Founded in 1997 and based in Stratford-upon-Avon, Valpak provides environmental consultancy, waste management solutions and data management services to over 4,000 UK customers. The company specialises in helping businesses achieve environmental compliance, maximise cost savings and improve their environmental credentials in line with legislation. Valpak services include the disposal of packaging, electrical equipment, batteries, hazardous materials and chemical substances, among other forms of waste and recycling.
Valpak will continue to operate as a separate business and brand within the Reconomy Group of companies. By continuing to combine acquisition and organic business growth, the Reconomy Group’s combined revenue for the end of financial year 18/19 is forecast to exceed £250m.
The Clearwater International team was led by Head of the Midlands Jon Hustler, Partners Rob Britton and Constantine Biller, and Associate Director Mark Gillingham.
Steve Gough, Chief Executive of Valpak, said: “With the launch of the government’s resource and waste strategy, the packaging and recycling industries are set for a positive change. Valpak has seen significant growth and expansion over the past six years. As part of the Reconomy Group, I am confident we will be well-positioned to address that change and better support our members’ needs. At the same time, we will benefit from being part a larger group with a wide range of services, similar culture and shared objectives in excellence and pioneering the industry.”
Jon Hustler, Head of the Midlands, Clearwater International, added: “Valpak is a long established, high quality business delivering excellent service to its clients and holds a respected position in its marketplace. We were pleased to have advised the shareholders on the sale to Reconomy, who themselves have ambitious growth plans. We look forward to seeing further strong development as part of the Reconomy Group.”
Paul Cox, Chief Executive of Reconomy, said: “Our vision is to bring about change to the waste industry by pioneering new technologies and methodologies that make the process of dealing with waste far easier. This goal is shared by everyone at Valpak, so the ethos of our two companies is already very closely aligned. The acquisition of Valpak is another important step in Reconomy’s journey, enabling us to further broaden our sustainability and waste management offering. In 2019, Reconomy celebrates its 25th anniversary and this acquisition is the first step in what promises to be an exciting twelve months for the company.”
