InfraVia Capital Partners-backed Blue Phoenix Group (BPG) has agreed to acquire a 100 percent equity stake in Recycling Kombinatie REKO, which specializes in the production of reusable raw materials for the asphalt and concrete industry.
REKO operates a large mineral-processing facility located near Rotterdam in the Netherlands, which features a crusher for the production of granulates, two thermal treatment plants for cleaning tar containing asphalt, and two plants for generating electricity from residual heat.
REKO implements the processing of mineral waste in a transparent, environmentally friendly and innovative manner. Using advanced equipment, the business produces high-quality building materials and energy from mineral waste.
“In over 40 years we have built up this company,” said Willem van Bentum, founder and owner of REKO. “When I started recycling mineral waste in the early ’80s, I could never have imagined that this company could grow into som