Clearwater International has advised Valpak Holdings Limited (Valpak) on its sale to Reconomy, for an undisclosed figure.
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 £250million.
Valpak specialises in helping businesses achieve environmental compliance, maximise cost savings and improve their environmental credentials in line with legislation.
“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,” said Steve Gough, Chief Executive of Valpak.
“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.”