Greencycle to take over ownership of Tonsmeier

GreenCycle is to become the new owner of the Tönsmeier Group, Germany’s fifth largest waste disposal company, based in Porta Westfalica. The Tönsmeier family has closed an agreement with GreenCycle, a Schwarz Group company.

The transaction is still subject to approvals, including by antitrust authorities. The parties have agreed not to disclose the financial conditions. The sale was preceded by a structured process initiated by the Tönsmeier family in early 2018. The process involved discussions with a great number of strategic interested parties and financial investors.

The market’s general interest in Tönsmeier significantly exceeded original expectations. GreenCycle provides waste disposal and recycling services for the companies of the Schwarz Group. GreenCycle’s responsibilities include collecting and recycling materials generated in the stores and logistics operations of the Lidl and Kaufland retail divisions. Besides its activities for the Schwarz Group, GreenCycle has also acted as a waste disposal service provider for other companies for several years.

The planned acquisition of the Tönsmeier Group and its more than 3,000 employees in Germany and Poland will expand GreenCycle’s range of services in the environmental service branch while strengthening its internationalization.