Reconomy’s Acquisition Of Eurokey Recycling Ltd.

Irwin Mitchell advised Reconomy on the deal, while Howes Percival advised Eurokey Recycling.

Reconomy, the UK-based leader in the provision of outsourced services to the waste management and environmental service sectors, acquired Eurokey Recycling Ltd.

The deal will add further capability to Reconomy’s service offering and help it move towards its ambition of being a global leader in the provision of services to the circular economy.

With the addition of Eurokey, the Reconomy Group’s annualised turnover is in excess of £550m.

Based in Leicester and founded in 1995, Eurokey provides commodity trading and reprocessing services to commercial customers in the UK and internationally, helping clients to meet their demands for the supply of recycled material in manufacturing and production.

Emma Callow (Picture) and Matt Smith from Irwin Mitchell’s Corporate team advised Reconomy on the deal.

Eurokey was advised by Jahid Ali and Brigitta Naunton of Howes Percival from a legal perspective. Will Lodder and Shaf Bheda of Magma Corporate Finance led the corporate finance piece with supporting tax advice provided by Magma’s Jon Kicks.

Involved fees earner: Jahid Ali – Howes Percival LLP; Brigitta Naunton – Howes Percival LLP; Emma Callow – Irwin Mitchell; Matt Smith – Irwin Mitchell;

Law Firms: Howes Percival LLP; Irwin Mitchell;

Clients: Eurokey Recycling; Reconomy;

Author: Federica Tiefenthaler