Macquarie Asset Management and British Columbia Investment Management Corporation (BCI), have completed the acquisition of Renewi, a leading waste-to-product company. Renewi is a pure-play recycling company that focuses on extracting value from waste and used materials, diverting waste flows from incineration or landfill. The company sorts and processes more than 10 million tonnes of waste and wastewater at around 150 sites, primarily across the Netherlands and Belgium, two of Europe鈥檚 most advanced circular economies. Renewi utilises innovative processes and advanced technology to transform waste into circular materials, including paper, metal, plastics, glass, wood, building materials (including sand, gravel and cement replacements), compost and water.
The Consortium will support Renewi to further enhance its position as the circular economy leader across the Netherlands, Belgium, France and Portugal, and will support the business鈥� transformation initiatives, including the One Renewi strategy that was recently launched to strengthen Renewi鈥檚 logistics and processing capabilities. The Consortium鈥檚 investment will also enable Renewi to achieve its growth ambitions and increase the company鈥檚 recycling yield further.
Gabriele Duesberg, Head of Diversified Infrastructure 鈥� EMEA at Macquarie Asset Management, said: 鈥淲e are delighted to have finalised the acquisition of Renewi, a market leader in the waste sector. As countries across Europe look to transition to waste-free economies, Renewi is well positioned to capitalize on this demand with its strong growth ambitions and innovative waste solutions. We look forward to supporting the business as it becomes a European leader in the circular economy.鈥�
Lincoln Webb, Executive Vice President & Global Head, Infrastructure & Renewable Resources at BCI, said: 鈥淭his acquisition represents an exciting opportunity for us to work alongside Renewi, an established player in the waste sector. We look forward to supporting the business with its transformation initiatives and long-term growth plans, helping to contribute to a more circular economy in Europe.鈥�
Annemieke den Otter, Chief Financial Officer and Board Member at Renewi, said: 鈥淲e are excited to partner with the Consortium as we focus on advancing circularity and becoming the leading waste-to-product company for Europe鈥檚 most advanced circular economies. We have made great progress on this goal over recent years, and as I look ahead, I am confident that with this new collaboration, and through the passion and dedication of our teams, we will create a more sustainable society for all.鈥�