SEATTLE (Recycling Monster): By completing the acquisition of two significant companies, Waste Focus, based in Feeding Hills, Massachusetts, and Complete Solutions & Sourcing, situated in Peekskill, New York, Reconomy has announced a significant expansion of its Lincoln Waste Solutions waste management platform in the United States. It is anticipated that Lincoln Waste Solutions' waste and resource management capabilities will be strengthened by the recently acquired brands.
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The purchases increase Reconomy's waste management platform in the United States, which is a major milestone in the company's next phase of growth strategy. It is anticipated that the addition of these brands, which are highly compatible with Reconomy, would increase the platform's capacity and capability as it moves into its next stage of development. More than 100 new personnel are anticipated to join the company as a result of the acquisitions.
Guy Wakeley, CEO of Reconomy, commented on the acquisitions, saying the company is thrilled to have acquired two reputable, high-quality brands with valued clientele in a variety of industries and robust waste management platforms in the US. Furthermore, he stated, it will contribute to its increasing pace and assist the economy in achieving remarkable growth in the future.