Sale of Renewi Canada
October 14, 2019
The Canadian division of Renewi, (formerly Orgaworld Canada) has been purchased by Convent Capital, a long-term Dutch investor whose investment strategy focuses on organizations with a sustainable business model. Renewi joins an extensive portfolio that includes Circular Waste British Columbia (CWBC), an organic waste processing facility in Nanaimo, BC and Waste Treatment Technologies (WTT), a Dutch-based engineering firm that has designed and built over 100 organic waste treatment facilities around the globe. Following the close of the sales transaction, we will be merging these businesses to create a global solution provider that can design, build, operate and service state-of-the-art organic waste treatment facilities all over the world.
Mike Leopold, General Manager for Renewi Canada commented:
“Today’s announcement represents a major milestone in our business. The integration of our businesses provides our customers with the most comprehensive and capable partner available in today’s organic waste market.”
Renewi is a leading waste to product company that gives new life to used materials every day. They have more than 8,000 employees working at 200 sites across Europe and North America.
For Renewi, waste is a state of mind, and an opportunity. Their many years of knowledge and experience, combined with a broad range of services, allow them to offer sustainable, practical recycling solutions. Renewi uses innovation and the latest technology to turn waste into useful materials such as paper, metal, plastic, glass, wood, building materials, compost and energy.
Renewi was created in 2017, following the merger of Shanks Group plc with Van Gansewinkel Groep BV, and is listed on the London Stock Exchange. Visit their website for more information: www.renewi.com
About Convent Capital
Convent Capital is an open-ended investment firm established in Amsterdam. Due to the open-ended nature of the investment vehicle, Convent Capital has no pre-determined investment horizon and can take a long-term view on industries. This long-term view fits particularly well with Convent’s circular philosophy and its conviction that operating without exit pressure leads to better results. Convent Capital has the ambition to prove that companies who commit to sustainable value creation based on circular business models will ultimately be the winners of the future. Visit their website for more information: www.conventcapital.nl/en