Listed French waste management company, Séché Environnement, says it plans to expand the product offerings of Rent-A-Drum after it acquired 100% of the Namibian company for an undisclosed amount.
Séché’s Deputy Director of Communications, Anna Jaegy, said the acquisition of Rent-A-Drum complements the company’s activities in Southern Africa, which is an attractive region with high economic potential and rising environmental regulations.
Séché has also acquired another subsidiary, Spill Tech.
“Now a Séché Group company, Rent-A-Drum, is backed by the Group’s recognised expertise of hazardous waste and can expand its offer towards Namibian industrial companies. Through our Namibian subsidiaries Rent-A-Drum and Spill Tech International, Séché Group aims to offer comprehensive, innovative solutions to industrials and several major Namibian cities, from waste management (in a circular economy approach) to value-added services like site remediation and response to environmental emergencies,” she told The Brief.
The Brief also quizzed her if the company planned to appoint new management after the founder of Rent-A-Drum, Gys Louw, in July announced that he would be stepping down from his role as CEO and would take up a new role as Chairman of the Board.
“The management is maintained and works along with Séché to develop the Company in Namibia. Like Séché Environnement, Rent-A-Drum is driven by experienced management and strong environmental values, with a growth strategy focused on the circular economy and recovery businesses,” she said.
Following the acquisition Jaegy also revealed that the listed company had now started to account for the Namibia business.
“Séché Environnement acquired Rent-A-Drum in August 2023, and was consolidated as of January 1, 2024,” she said.
Séché Environnement which has over 6,100 employees, including more than 2,900 in France operates in more than 120 locations in 16 countries, including some 50 industrial sites in France.
Séché Environnement generated revenue of over €1 billion in 2023, 26% of which was from outside France.
