Blue Phoenix has entered into a binding agreement to acquire Meldgaard Recycling, a Denmark-based company specialising in incinerator bottom ash (IBA) treatment.
Blue Phoenix has entered into a binding agreement to acquire Meldgaard Sustain A/S and Meldgaard Recycling A/S, representing Meldgaard's entire slag business.
The company has more than 25 years of experience in sorting and recycling slag from combined heat and power plants, where they recover various metals and recycle slag gravel. In Denmark, Meldgaard has around 75 employees working with slag treatment, and the company currently receives just over half of the total slag from the country's incineration plants. Meldgaard's largest slag treatment plant is located in Kolding.
The acquisition marks a significant expansion of BPG's activities in Denmark to now also include slag, which is the company's core business. Last year, Blue Phoenix acquired the resource company RGS Nordic, which is among the country's largest processors of soil and construction waste.
Nicolai Søegaard, CEO of RGS Nordic, says: "The acquisition of Meldgaard's slag business is significant in a Danish context and a natural consequence of RGS Nordic becoming part of Blue Phoenix in 2024. This significantly expands our recycling capacities in Denmark. Personally, I look forward to welcoming the talented Meldgaard employees and management to our company.. "
Paul Knight, CEO of Blue Phoenix, further explains: "The acquisition is a milestone for Blue Phoenix. It expands our presence in Denmark through RGS Nordic and strengthens our position in the Nordic region. Meldgaard brings more than 25 years of expertise in slag treatment, especially with advanced mobile plants, which we see great potential in. We look forward to contributing to the utilization of slag gravel in Denmark.”
The Meldgaard family, speaking: "Meldgaard Recycling has been an important part of Meldgaard for more than 25 years, and it is therefore particularly difficult to say goodbye to our talented employees. We are pleased with the sale, as we believe that the expertise we have built up in Denmark can now be further developed into something even greater."
Anders Hedegaard, founder and co-owner of Meldgaard Recycling, adds: “I look forward to continuing the journey, which offers many exciting opportunities. I look forward to collaborating, thinking new things and creating further growth in our ever-expanding international markets.”
The acquisition is now awaiting final approval from the authorities. Nordea Corporate Finance acted as exclusive financial advisor, and Kromann Reumert as exclusive legal advisor to Blue Phoenix.
Simon Leed Krøs | Communications Manager | RGS Nordic | slkr@rgsnordic.com | M: +45 3051 6140
Blue Phoenix
Amy de Jong-Townsend | Blue Phoenix | amy.townsend@blue-phoenix.com | +31 (0) 6 51 17 39 26
InfraVia
Antoine Denry | Taddeo | antoine.denry@taddeo.fr | +33 (0) 6 18 07 83 27
Clémence Midière | Taddeo | clemence.midiere@taddeo.fr | +33 (0) 6 46 76 70 22
Gwenaëlle Boucly | InfraVia Communications Director | gboucly@infraviacapital.com | +33 (0) 6 80 57 33 01
Daiwa International Capital Partners
Gregor Jackson | CEO, Daiwa ICP | gregor.jackson@daiwa-icp.com | +44 (0) 20 4551 2778
Blue Phoenix is a global resource company. Every day, we recover value from materials others discard. From incinerator bottom ash and construction waste to contaminated soil and tar-containing asphalt. We specialise in transforming complex materials into renewed resources for construction and infrastructure.
Operating on four continents, Blue Phoenix teams are on a daily mission to shift the world’s mindset from seeing waste as a problem to recognising it as potential. Through smart sorting, recycling and recovery, we give materials new life - with safety as our core value and guiding principle.
We partner with clients, plant operators, contractors, regulators and the wider society to create a truly circular economy. Working together towards our mission of nothing wasted, every resource reborn.
Founded in 2008, InfraVia is a leading independent private equity firm specializing in investments in fixed assets – infrastructure, critical metals, real estate and technology.
InfraVia focuses on robust companies that partner with management teams, entrepreneurs or industrial companies to develop their business and drive long-term value creation through active, hands-on asset management. Headquartered in Paris, with a team of over 100 people and 100% partner-owned, InfraVia manages €16 billion in capital* and has invested in over 50 companies across Europe. *Total capital raised.
www.infraviacapital.com
Daiwa International Capital Partners was established in 2020 by Gregor Jackson and Daiwa
International Investments GK as an independent manager of high-quality infrastructure assets
quality in waste management, circular economy and energy transition.
You can read more about Daiwa International Capital Partners by visiting this website: www.daiwa-icp.com