The largest German waste management company is growing steadily. The family business owes this primarily to the rise in the price of certain metals.
Due to increased prices on the raw materials markets, Germany’s largest waste company Remondis has done significantly more business.
As the company from Lünen in North Rhine-Westphalia reported on request, annual sales in 2021 were 11.5 billion euros and thus significantly higher than a year earlier, when the figure was around 8.2 billion euros. The win was not announced. The family business justified the strong growth with the higher prices that were achieved, for example for plastic granules or for scrap metal.
Remondis has been on a buying spree for a long time, but there were no major acquisitions last year. The company is active in all stages of waste management. It has garbage collection, sorting plants, recycling plants and power plants. Competitors are, for example, the Berlin company Alba and the company Prezero from the Lidl parent company Schwarz.
Remondis produces so-called regranulates from plastic waste, which are sold to industry and used to manufacture new plastic products. Remondis also does business with paper, glass, organic waste and edible fats. Around 40,000 people work for the company, around 2000 more than in 2020. 1400 people are employed at the central location in Lünen with the Lippe Plant.
In 2018, Remondis’ attempt to take over the Green Dot caused a stir. This company is a so-called dual system that commissions the collection and recycling of waste and is therefore located at an important interface in waste management. However, the Federal Cartel Office rejected the project due to concerns about negative consequences for competition. Remondis then switched and bought another, smaller dual system, with which it is now active again in the niche market of waste management.