Reconomy, a provider of outsourced, asset-light services to the circular economy, has acquired global supply chain business, ASCG. 

According to Reconomy, the transaction will allow ASCG’s customers to benefit from Reconomy’s sustainability credentials as its strategy delivers against social, environmental, and business objectives.

ASCG will continue to operate under its own brand within the Reconomy Group’s Product Returns division, collaborating across the business and joining recently acquired ReBOUND and Cycleon in developing innovative ways for omnichannel retailers to make their supply chain a competitive advantage. 

As ecommerce continues to boom, ASCG and the Reconomy Group will provide technology-enabled global support for leading retail brands seeking to manage their environmental impact.

ASCG managing director, Claire Webb said: “The deal marks a statement of intent for the future and provides huge benefits for our team and customers now we’re part of a bigger yet still entrepreneurial organisation. 

“ESG is top of every business’ agenda and with Reconomy’s credentials and track record, we’ll be able to help our clients with their sustainability goals.”

Paul Cox, CEO of the Reconomy Group added: “The breadth of ASCG’s value-added services will enhance the Reconomy Group’s existing industry-leading product returns proposition.  

“We’re excited about the future potential and confident that this acquisition will allow us to provide even more comprehensive support to our customers as they pursue sustainable, circular approaches.”