Sustainability consultancy Anthesis Group has acquired LRS to bolster its waste treatment, recycling and resource management capability.
The takeover of LRS is the sixth acquisition by Anthesis since it was established 18 months ago, and follows deals for Best Foot Forward, UMR, Caleb, SecondNature and M4C.
The company says it will strengthen the group’s presence in the UK and is part of its goal of being the “leading global sustainability specialist firm”.
Anthesis chief executive Stuart McLachlan says: “LRS is a great fit for the Anthesis Group, and I am pleased to be able to add their extremely strong portfolio of resource efficiency and sustainable supply chain work to our existing services.”
The group says only 50% of its recent growth is as a result of acquisitions, with the remainder due to organic expansion.
LRS managing director Dee Moloney, right, has been appointed to a directorial position following the purchase.
“We are looking forward to working with the Anthesis team to realise the market potential for greater efficiency in the supply chain, and meeting demand for sustainable products and business models,” she says.
Anthesis’ clients include corporate multinationals such as Coca-Cola, Tesco, ArjoWiggins and Reckitt Benckiser. The company employs 130 people in offices in the US, UK, Germany, China and the Philippines.
Catalyst Corporate Finance advised LRS Consultancy on the sale and Mark Wilson, head of waste and resource management says: “There is an excellent strategic and cultural fit between the businesses which will help ensure their combined future success.”