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9 April 2024

Blue Phoenix Group to acquire a 100% stake in RGS Nordic

Blue Phoenix Group (“BPG”) announces that it has entered into a binding agreement to purchase a 100% equity stake in RGS Nordic A/S (“RGS”). Completion should occur in the coming weeks.

RGS Nordic is the market leader in the treatment and recycling of soil and construction  and demolition (“C&D”) waste in Denmark. It operates 18 reception and treatment facilities and processes c. a third of all waste from construction projects in Denmark. In total, RGS  Nordic employs more than 200 employees. 

RGS’s mission, consisting in transforming waste into recycled materials, is anchored into  sustainability. RGS takes an active approach to social responsibility and works to address  climate, environmental and biodiversity by reducing the demand on natural resources and  by giving used materials new life, reducing CO2 emissions and minimizing the  environmental impact from production in society. 

The acquisition will mark the entry of BPG into both the soil and construction waste  recycling sector and to the Nordic market. It reflects BPG’s strategy to develop a diversified  waste recycling platform.  

Paul Knight, CEO of Blue Phoenix Group said “RGS Nordic is a major strategic acquisition  for BPG, which will increase BPG’s geographical footprint into the Nordics and expand our  service offering into the soil and construction and demolition waste (“C&D”) treatment  sectors, in line with our mission to reintroduce high-quality recycled products into industry  and construction. Soil and C&D waste is the largest source of waste in Denmark,  constituting two thirds of all waste by volume. It is vitally important that this waste is treated  in accordance with the most stringent environmental standards. We are excited and proud  to welcome RGS, a recognised European market leader in the sector, which shares our  vision and values, into the Blue Phoenix Group. The acquisition continues our strategy of  expansion through both organic growth and acquisitions.” 

Nicolai Søegaard, CEO of RGS Nordic said “We are incredibly proud to become part of  BPG, who share our circular mindset and the vision of increasing recyclability in society.  By joining BPG, RGS Nordic gains the opportunity to accelerate our methods and  technologies internationally. I would like to take the opportunity to thank our employees for  the journey thus far, we are all looking very much forward to the next phase of the journey  as part of BPG.” 

Danske Bank Corporate Finance acted as exclusive financial advisor and Moalem  Weitemeyer acted as exclusive legal advisor to BPG. 

The acquisition is pending the standard approval process from the Danish Business  Authority.



Antoine Denry | Taddeo
+33 (0)6 18 07 83 27

Amy Townsend | Blue Phœnix Group
+31 (0)6 51 17 39 26

Gregor Jackson | CEO, Daiwa ICP
+44 20 4551 2778

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