Luminii provides Commercial Due Diligence support to Palatine and Papilo on their acquisition of REKK Recycling

17 Apr 2026 /

Luminii are delighted to have provided Commercial Due Diligence (CDD) to Palatine Private Equity (Palatine) and Papilo Limited (Papilo) on its recent acquisition of REKK Recycling LTD (REKK), a provider of total waste management solutions with a strong specialism in the food production and manufacturing sectors.

Papilo, the fast-growing total waste management group has strengthened its geographical reach with the acquisition of Scottish company REKK Recycling. 

Based at Uddingston near Glasgow, REKK provides total waste management solutions to its food production, manufacturing, and industrial clients across Scotland and England. It is the third key acquisition the Manchester-based company has completed in just under 12 months with the support of Palatine’s Impact Fund team.

Rekk Recycling’s founders Steven Dodds and John Byrne are remaining with the business as it becomes part of Papilo, which in February acquired Midlands-based Allwood Recycling Solutions, creating a £60 million revenue business with more than 200 employees.

“REKK is an excellent fit for Papilo, not just geographically, but in its shared commitment to diverting waste from landfill and supporting clients to take a more responsible approach to resource management. This is Papilo’s third acquisition in under a year as we build a business of true scale in the circular economy in partnership with the ambitious management team and we are well-positioned to continue that growth through further strategic M&A.” – Greg Holmes, Senior Investment Director, Palatine 

“REKK is an excellent strategic addition for Papilo and enhances our geographical presence into Scotland. Like ourselves, the company’s ethos is built on best-in-class customer service and on supporting better environmental outcomes through recycling. Founders Steven and John have done a fine job in building the business and I am pleased that along with their team they are remaining with the group for the next phase of growth.” – Michael Gibson, CEO, Papilo 

"Luminii are delighted to have supported Palatine and Papilo on this transaction. This deal further reinforces our credentials in the business services sector. We extend our best wishes to Palatine, Papilo and REKK for continued success in the future." – Lushani Kodituwakku, Managing Director, Luminii Consulting 

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