HMT advised an MBI team on the acquisition of the inkjet and laser cartridge division of Redeem Holdings Limited.
The newly created entity, called Rethink Europe Limited (“Rethink”), will be led by Managing Director Ian Austin, who has a wealth of experience in the recycling sector and is the former owner of Environmental Mobile Control Limited (“emc”), the specialist business to business recycler. Rethink will specialise in the collection and recycling of printer cartridges and other electronic devices.
Redeem, was originally established in 1999 and has grown from a UK-based printer cartridge recycling business to an international multi-device recovery and recycling specialist.
Ian Austin, Managing Director of Rethink commented:
“The complexities of acquiring a division of a business as large as Redeem were made all the more simpler with the excellent, knowledgeable guidance and empirical leadership of the HMT team.”