REKK Recycling acquired by Papilo

REKK Recycling’s founders are set to benefit from the company’s next phase of growth following the sale of the waste management business to private equity (PE)-backed Papilo.

Incorporated in 2014 by Steven Dodd and John Byrne, REKK provides comprehensive waste management and recycling solutions to clients in the food production, manufacturing and industrial sectors.

The acquisition by growing recycling group Papilo marks geographical expansion, supported by Palatine’s Impact Fund — built on the PE firm’s commitment to sustainable investment, actively targeting companies that are creating social or environmental change.

“REKK is an excellent strategic addition for Papilo and enhances our geographical presence,” said Michael Gibson, Papilo’s CEO.

“Like ourselves, the company’s ethos is built on best-in-class customer service and on supporting better environmental outcomes through recycling.

“Founders Steven and John have done a fine job in building the business and I’m pleased that along with their team, they are remaining with the group for the next phase of growth.”

Greg Holmes, Senior Investment Director at Palatine Impact Fund, commented: “REKK is an excellent fit for Papilo, not just geographically but in its shared commitment to diverting waste from landfill and supporting clients to take a more responsible approach to resource management.

“This is Papilo’s third acquisition in under a year as we build a business of true scale in the circular economy, in partnership with the ambitious management team, and we are well-positioned to continue that growth through further strategic M&A.”

KBS Corporate’s Fabio Rambelli, Associate Director, and Paris Lusakueno, Transaction Analyst, advised REKK during the sale process and expressed thanks to Mackrell LLP for their legal support throughout the transaction.