Reuse-backed Sortera completed the acquisition of GBN Services from Moralis Group.

Reuse-backed Sortera, a company that operates within collection, recycling, processing and sale of residual products of construction waste fields, completed the acquisition of GBN Services, a skip hire, recycling and waste company, from Moralis Group, a property management company. Financial terms were not disclosed. “Sortera is very excited to welcome GBN to our UK operations. GBN has built a very strong reputation in the London market with a strong focus on customers, quality and sustainability led by a passionate and experienced team of employees. GBN’s way of working is very much aligned with Sortera’s core values, and we are very happy to add them to our growing family. This is an important acquisition for Sortera as it firmly establishes us as one of the leading companies in the London market. By adding GBN to our UK operations, we will serve our customers in the London area on a much broader scale,” Sebastian Wessman, Sortera CEO.