30 April 2013
Acquisition: Grundon buys recycling rewards programme supplier
B P Collins advised Grundon Waste Management Limited on the acquisition of a recycling rewards programme supplier, Recycle Rewards Limited, trading as Recyclebank, a wholly owned subsidiary of US company RecycleRewards, Inc.
Important aspects included ensuring continuity of technological and systems support in relation to the rewards programme on appropriate terms throughout the period immediately following completion while Grundon developed a website and support functions in order to operate independently from the US.
Corporate Partner Victoria Holland led the deal and commented: "Having enjoyed an excellent working relationship with Grundon for many years in relation to its core business, more recently B P Collins has been delighted to have assisted Grundon with its more innovative recycling projects.
"The purchase by Grundon of Recycle Rewards Limited marks an exciting time for Grundon as it ventures further into the field of rewards-based recycling projects and it's great to be able to assist Grundon during this exciting phase."
Victoria Holland, Partner