Reconomy, RLG’s parent company, acquires Vermilion Holdings, Inc. (“Vermilion”), based in Sauk Rapids, MN.
Established in 1976, Vermilion manages the track and trace of materials from collection locations to approved sites for reuse, recycling, or secure disposition. The company uses a proprietary technology platform and patented reverse logistics packaging and kiosk collection system.
Vermilion’s key brands include ASC, a manufacturer of equipment that enables 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.
According to a press release from the company, the acquisition brings new customers and technology to Reconomy’s Comply Loop division, which already services over 15,000 global customers, including Fortune 500 brands. By acquiring Vermilion, Reconomy adds specialist capabilities in the fast-growing take-back solutions market.
The transaction follows Reconomy’s first acquisition in the U.S. of Lincoln Waste Solutions, announced on Aug. 12, 2024. Lincoln, headquartered in Windsor, CT, provides a comprehensive, full-service management approach to handling all types of waste and recycling.
“Following the recent acquisition of Lincoln, this transaction is another important strategic milestone for Reconomy as we accelerate our growth plans in the U.S.” commented Guy Wakeley, chief executive officer of Reconomy. “It brings new customers, technology, and specialist capabilities to our fast-growing take-back solutions market and 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.”
It further builds on Reconomy’s existing presence in North America through RLG and provides the technology that powers the common collection scheme for curbside recycling in Ontario, Canada. RLG also provides services that enable producers of packaging, WEEE, batteries, and other regulated materials to meet their EPR compliance obligations.
“Vermilion adds new expertise in the take-back solutions market, representing an exciting growth area as we expand further across the U.S. and North America,” said Patrick Wiedemann, Divisional CEO, Comply at Reconomy. “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.”
“We are excited to join Reconomy at a time when it is achieving rapid and sustainable international growth,” added Mike Pietrini, CEO of Vermilion. “We bring specialist capabilities to the growing take-back solutions market, complementing Reconomy’s wide-ranging customer proposition. There are many opportunities to collaborate successfully with Reconomy’s Comply Loop. Together we’ll lead the way in environmental compliance management, take-back, collection, and circularity solutions for end-of-life materials.”
