Reconomy completed the acquisition of ReBOUND from BGF.

Reconomy, a provider of outsourced, asset-light services to the circular economy, completed the acquisition of ReBOUND, a provider of an online returns management platform and reverse logistics services, from Business Growth Fund, an investment company. Financial terms were not disclosed. “ReBOUND's innovative approach, underpinned by great technology and a focus on providing an excellent user experience, makes for a perfect fit with Reconomy. Sustainable returns have taken on even more importance during the pandemic and represent a challenge for many businesses looking to achieve high environmental standards. ReBOUND’s expertise, combined with the Reconomy Group’s existing returns activity, will offer clear, unique benefits to our customers as we continue to build an unrivalled set of services to help drive the circular economy on the global stage," Paul Cox, Reconomy CEO.