Leicester based recycling company Casepak and its sister organisation Oceala have been acquired by Reconomy. Knights supported the shareholders of both businesses in the transaction which completed just before Christmas.
Casepak is one of the UK’s largest recycling and waste management companies employing 83 people across its two state of the art facilities in Leicester. Working with a range of commercial customers and partnering with local authorities across the UK, Casepak provides specialist sortation services and a materials recycling facility that sorts mixed recyclables, producing TEEP compliant outputs. Oceala specialises in providing waste management services to high profile retailers across the country.
The addition of Casepak will further enhance the Reconomy Group’s existing processing capabilities and reinforces the company’s commitment to UK infrastructure for recycling. Earlier this year, the Reconomy Group acquired Eurokey and in September announced a £15m investment in a new sorting facility in Kettering for supermarket films and flexible plastics, coming online in 2022.
The acquisition supports Reconomy Group’s long term growth ambitions by increasing its waste processing capabilities as well as its sorting and recycling infrastructure.
Knights’ multi-disciplinary team was led by Martin Smith and included corporate support from James Sparks, Grace Hill, Tanya Dobson and James Arnold (tax); employment advice was provided by Johanne Jackson and Katie Sharman; Tom Cleary and Zoe McNeil provided input on regulatory issues; commercial support from Jonathan Askin and Amy Oakley; Garon Anthony provided input on dispute resolution matters and Erin Vickers lead the real estate support.
Mark Smith, Joint Managing Director of Casepak, commented: “We are extremely proud to have grown Casepak into such a successful company while remaining family-owned and operated. However, to continue to grow and take advantage of future opportunities the time is right to change the ownership structure and we are very excited to join up with the Reconomy Group. It will remain very much business as usual for our staff and customers, while providing further scope for increased innovation and development. The team at Knights has worked tirelessly on our behalf during the acquisition process and we are very grateful for the impressive service that we have received throughout."
Paul Cox, CEO of the Reconomy Group, commented: “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.”
Martin Smith, Partner at Knights, commented: “We are delighted to be able to say that we have been on a journey with Casepak over a number of years and have worked side by side with them supporting their growth strategy which has led them to evolve into the business they are today. We look forward to seeing their continued success as part of the Reconomy Group.”