Stena Recycling has acquired Encore Environmental Services, a Finnish company active in a wide range of recycling but specialising in recovered paper.
The takeover will almost double Stena’s business in the Finnish recycling sector. In the rest of Scandinavia, the company says it is already among the largest players in the industry.
‘The businesses of Stena Recycling and Encore Environmental Services complement each other perfectly and both companies have long experience in the industry,’ says Olli Kellokumpu, md of Stena Recycling Finland. ‘The transaction will enable us to jointly offer our customers an even broader range of circular expertise and services. Stena Recycling has solid experience in metal recycling and Encore in fibre recycling and pallets.’
Stena Recycling currently offers a range of services and in Finland recycles metals, electrical and electronic equipment, hazardous waste and end-of-life vehicles.
Encore Environmental Services has a strong background in paper collection and recycling. Over the years, however, the business has expanded to include a wide range of circular and recycling solutions for different waste fractions, data confidential services, pallets and fuels for energy producers.