Reconomy, the international circular economy specialist, announces the acquisition of Vermilion Holdings, Inc., based in Sauk Rapids, Minnesota. Established in 1976, Vermilion is the US market leader in the take-back of post-consumer products. It manages the track and trace of materials from collection locations to approved sites for reuse, recycling or secure disposition using a proprietary technology platform and patented reverse logistics packaging and kiosk collection system.
Vermilion鈥檚 key brands include ASC, a manufacturer of equipment enabling the safe collection of a diverse range of items including post-consumer materials. The ARXG brand provides customized design, production, product fulfilment, track and trace of materials and end disposition solutions. The PPM division is a full-service marketing company.
The acquisition brings new customers and technology to Reconomy鈥檚 Comply Loop division, which already services over 15,000 global customers, including Fortune 500 brands, and adds specialist capabilities in the fast growing take-back solutions market. Vermilion鈥檚 culture of delivering a first-class service by combining technology with an innovative take-back system is highly complementary with Reconomy鈥檚 tech enabled, people-powered approach. The transaction follows Reconomy鈥檚 first acquisition in the US of Lincoln Waste Solutions announced on 12th August 2024. Lincoln, headquartered in Windsor, Connecticut, provides a comprehensive, full-service management approach to handle all types of waste and recycling.
It further builds on Reconomy鈥檚 existing presence in North America through the Reverse Logistics Group (RLG), another Comply Loop brand, and provides the technology that powers the common collection scheme for curbside recycling in Ontario, Canada. New Jersey-based RLG also provides services that enable producers of packaging, WEEE, batteries and other regulated materials 聽to meet their EPR compliance obligations.
Guy Wakeley, Chief Executive Officer of Reconomy, commented: 鈥淔ollowing the recent acquisition of Lincoln, this transaction is another important strategic milestone for Reconomy as we accelerate our growth plans in the US. It brings new customers, technology and specialist capabilities in the fast growing take-back solutions market to our existing Comply operations in North America. We welcome the Vermilion team to Reconomy and look forward to working closely with them to achieve our mission of enabling the circular economy.鈥�
Patrick Wiedemann, Divisional CEO, Comply at Reconomy, added: 鈥淰ermilion adds new expertise in the take-back solutions market which represents an exciting area of growth as we expand further across the US and North America. The scale of environmental compliance is accelerating internationally, creating complex challenges for brands so we must continually add to our services to help businesses navigate this complex, changing landscape.鈥�
Mike Pietrini, CEO of Vermilion, said: 鈥淲e are excited to join Reconomy at a time when it is achieving rapid and sustainable, international growth. We bring specialist capabilities in the growing take-back solutions market which complement Reconomy鈥檚 wide-ranging customer proposition. There are many opportunities to collaborate successfully with Reconomy鈥檚 Comply Loop as, together, we lead the way in environmental compliance management, take-back, collection and circularity solutions for end of life materials.鈥�