Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

inapoi

PRESS RELEASE – GreenGroup signs the acquisition of Expert Cleaning, to expand sustainable solutions portfolio for industrial customers in Romania

June 12, 2023, Bucharest - GreenGroup, leader in circular economy and waste management in Eastern Europe, has entered into an agreement to acquire a majority shareholding in Expert Cleaning, a provider of specialized cleaning solutions for hard industries and do-it-yourself stores in Romania, consolidating its portfolio of sustainable solutions for industrial customers.

This acquisition brings valuable synergies to GreenGroup’s subsidiary, Eltex Recycling, which manages industrial waste, and creates new sources of revenue and growth opportunities for the group. Eltex Recycling will work closely with Andreea Mija, Expert Cleaning’s founder and CEO, who will remain with a minority shareholding in the business, to leverage the company’s successful growth story. Together, they will provide innovative and cost-effective solutions for industrial customers who want to reduce their environmental impact and comply with regulations.

Zoltan Bartha, CEO of Eltex Recycling, stated: "Expert Cleaning has demonstrated strong growth potential and relies on a solid sales process, which GreenGroup will certainly benefit from. With significant overlap of services and customers with Eltex Recycling, this acquisition offers an opportunity to strengthen our position as an integrated partner for industrial customers. We also see potential to develop in the decontamination area, a service traditionally provided by waste management companies. The acquisition underlines our position as the ideal partner for industries seeking sustainable development and carbon footprint reduction."

Industrial cleaning services play a critical role in maintaining safety, efficiency, and productivity in various industries, such as automotive, manufacturing, chemical, and food processing. GreenGroup's acquisition of Expert Cleaning strengthens the group's commitment to providing integrated waste management solutions that address the specific needs of industrial units, in full compliance with environmental regulations.

Andreea Mija, CEO of Expert Cleaning, stated: "For Expert Cleaning, becoming a part of GreenGroup comes as a natural step, that will support the next stage of development of the company. We feel that together with Eltex, we are creating a Blue Ocean for the professional cleaning services, as a piece in a circular economy ecosystem. In this whole acquisition process we also discovered common values and a shared view for the future."

We are committed to continue the partnerships we developed with our clients and to provide them better services every day.”

The European cleaning services market is expected to grow in the coming years, reflecting the increasing demand for specialized services from industrial players. This new acquisition is aligned with Abris’ growth strategy for GreenGroup, as the private equity fund focuses on its ambition to keep expanding and consolidating GreenGroup’s position as a circular economy leader in the region. Abris Capital, is the leading ESG transformation specialist private equity fund manager operating in Central Europe, aiming to turn its local companies into regional champions.

About GreenGroup

GreenGroup is a regional integrated recycling group and a pioneer in the circular economy, with over 20 years of experience. GreenGroup is a top player in the European market for PET recycling and the production of polyester fibers from recycled PET. They are also a key player in electronic waste recycling, glass waste management, and industrial waste management. Since 2016, the majority ownership of GreenGroup has been held by Abris Capital Partners, one of the leading private equity investors in Central Europe.

More on: https://www.green-group-europe.com/