Australian recycling and resource recovery specialist Re.Group has announced it has acquired Polytrade. This new investment creates Australia’s largest network of recycling facilities, operating from coast to coast and servicing communities in metropolitan and regional locations.
Re.Group operates material recovery facilities (MRFs) for mixed recyclables in the ACT, QLD and SA. It also processes food organics and garden organics (FOGO) in NSW, and operates Australia’s biggest network of 10c container refund depots through Return-It, with refund points across the ACT, QLD, WA and NSW.
“We deliberately established Re.Group as a values-led organisation, seeking a balance between people, the planet and prosperity,” said Re.Group managing director, David Singh. “We are very proud of what we have achieved by working closely with our clients, and we are excited for the next phase of growth as we integrate Polytrade’s assets, people and know-how into Re.Group.”
Founded by Louie Cheng, Polytrade has a 25-year track record in Australian recycling, including as one of the leading recycling service providers in both the Melbourne and Sydney markets, as well as various operations in Brisbane and regional NSW. Mr Cheng will remain actively involved in Re.Group.
With the acquisition, Re.Group now provides kerbside recycling services for more than 4,000,000 Australians across more than 35 council areas, with 13 operating facilities and a number of additional sites coming online in the next year.
“Australian recycling markets are changing, and this acquisition is a great opportunity to create the scale required to move further into value-adding of end products and positioning for remanufacturing within the domestic market,” said Singh.
The immediate focus will be rolling out Re.Group management systems and processes to ensure a consistent and high standard of operation across all sites in the network. Significant additional investment is expected, with details to be progressively announced throughout 2022.
Re.Group’s engineering business, RDT Engineering, is a leading provider of plant upgrades and turn-key recycling solutions for council and commercial clients across Australia and New Zealand. This unique integration of specialist engineering and recycling operational skills supports Re.Group’s focus on continuous improvement and site optimisation.