Romania's GreenGroup, a leader in the circular economy and waste management in Eastern Europe controlled since 2016 by Abris Capital Partners, announced that it concluded an agreement for the acquisition of a majority stake in Expert Cleaning, a provider of specialized cleaning solutions for heavy industries and DIY stores in Romania.

The group says that the deal reinforces its commitment to providing integrated waste management solutions that address the specific needs of industrial units in full compliance with environmental regulations.

This acquisition brings valuable synergies to GreenGroup's subsidiary, Eltex Recycling, which manages industrial waste, and creates new sources of revenue and growth opportunities for the group.

Eltex Recycling will work closely with Andreea Mija, the founder and CEO of Expert Cleaning, who will be left with a minority stake in the business.

(Photo courtesy of Green Group)

iulian@romania-insider.com