The Baudelet Group announces a majority stake in Recynov

A merger that will strengthen Recynov's financial strength and support its development, while opening the way to new synergies in the region.

Recynov: exponential growth serving construction industry players

Founded in 2014 and based in Hauts-de-France, the Recynov group operates primarily in the collection and recovery of waste for construction companies. Historically located in the European Metropolis of Lille, it now operates across a large area of ​​the Hauts-de-France region and focuses its activities around 5 main areas: the overall management of construction waste, the transformation and marketing of materials from construction sites and quarries, services (industrial cleaning, sanitation and television inspection), the organic division (green waste, organic sludge, compost and amendment) and the transport division providing, among other things, adapted logistics solutions for waste, materials and machinery.

Since its launch, the Recynov group has experienced rapid and exponential growth; its turnover has doubled every year, reaching €30 million in 2024. It currently employs 170 people. Convinced by the company's project, the Baudelet Group, a major player in the circular economy, stepped up to support Recynov's hyper-growth, consolidate its organization, and support its future development. It has become the majority shareholder with a 76% stake.

A strategic rapprochement in favor of the pooling of skills and for the benefit of the region

With this stake, the Baudelet Group is providing Recynov with the means to achieve its ambitions; the company will thus benefit from the Group's support to manage its growth and structure its development sustainably.

The two entities plan to pool their skills to offer optimal service to their customers, and in favor of the circular economy.

For Jérémy Coudrais, founder and director of Recynov: "It is with great enthusiasm that we are bringing this strategic partnership to fruition. This merger perfectly reflects our shared desire to create strong synergies in the Hauts-de-France region, capitalizing on the strengths and complementarities of our two entities."

For Caroline Poissonnier, co-director of the Baudelet Group: "We are delighted to be able to combine our expertise with Recynov's development. Our financial capacity, proven management processes, and the robustness of our organization will support Recynov's strong growth potential and commercial know-how. This partnership marks the beginning of a new chapter, based on mutual trust and solid human commitment."

For Jean-Baptiste Poissonnier, co-director of the Baudelet Group: "By integrating Recynov into our Group's Environment branch, we are reaching the milestone of 900 employees and adding another string to our bow, strengthening our expertise in the construction sector. We are delighted with this promising partnership, which opens up new perspectives."

Become a leading player in the construction industry north of Paris

This merger marks the beginning of a new phase for these two entities, each of which will maintain its independence of action while developing significant synergies thanks to its respective strengths and expertise.

The next two years will be dedicated to supporting and sustaining Recynov's development, ensuring its long-term profitability. The Baudelet Group, through its Environment division, aims to strengthen its position in its traditional business and, thanks to Recynov, consolidate its role as a leader in waste recovery in the north of Paris.