AN EXCITING ACQUISITION
In October 2022, Stena Recycling Finland’s acquisition of Encore Environmental Services was approved by the Finnish Competition and Consumer Authority. The acquisition is doubling Stena Recycling’s’ Finish operations.
At the end of June, Stena Recycling Finland acquired Encore Environmental Services, a medium-sized Finnish recycling company. Stena Recycling has been operating in Finland for more than 20 years, the acquisition will double the Finnish operations and expand the range of services. Encore Environmental Services has a strong background in paper collection and recycling, having practically taught Finns how to recycle paper. Over the years, however, the business has expanded to include not only the collection of paper, but also a wide range of circular and recycling solutions for different waste fractions, data confidential services, pallets, and fuels for energy producers.
“Stena Recycling and Encore Environmental Services complement each other. Our aim is that the companies will operate as one in the future. Together, we have the potential for a unique recycling and waste management service in Finland, combining Stena’s strong expertise in metal recycling with Encore’s understanding of corporate waste management,” says Olli Kellokumpu, Managing Director of Stena Recycling Finland.
Even with the current figures for Stena Recycling and Encore Environmental Services, the combined company would be one of the largest players in the recycling and waste management sector in Finland. The companies currently have a combined turnover of almost EUR 200 million. The companies have a total of around 370 employees and currently 34 production units and a recycling network covering the whole of Finland.
