Circular economy group continues international expansion

Telford-based Reconomy has acquired German recycling broker Sudamin Rohstoff as part of its international expansion strategy.

Reconomy, a £1bn-turnover waste management business which is focused on the circular economy, also purchased two German companies, Reverse Logistics Group and Noventiz in 2020.

Sudamin is a prominent European independent recycling broker and logistics expert which specialises in the recovery of valuable metals from the iron and steel industry.

Guy Wakeley, chief executive at Reconomy, said: “We see real potential to develop new recycling and recovery streams across our client base as the steel industry adapts to the opportunities of the circular economy.”

Sudamin, based in Duisburg in western Germany, collects valuable metal-containing residues from electro-steel plants across Europe and delivers them to specialist recycling facilities.

It also owns approvals and licences for brokering waste disposal and battery and black mass recovery services.

Martin Pothfelder, chief executive at Sudamin Rohstoff, added: “This acquisition marks a significant milestone for Sudamin and reaffirms our commitment to driving positive change in the recycling industry alongside Reconomy’s market-leading brands.”