OLDENZAAL, the Netherlands (BRAIN) — Oregon-based apparel recycler The Renewal Workshop has been acquired by the global textile supply chain provider Bleckmann, the companies announced Wednesday.
The Renewal Workshop has worked with brands including Velocio, Pearl Izumi, Osprey, Timbuk2 and others to process returned apparel and sell it online. The six-year-old company raised $5.5 million in Series A financing in 2019.
The move will allow Bleckman to offer circular supply chain services to its fashion and lifestyle clients.
Jurrie-Jan Tap, the chief business development officer at Bleckmann, said, "We have been following the developments of The Renewal Workshop in the last couple of years and admire the impressive work done by the founders and
Nicole Bassett, a co-founder and Co-CEO of The Renewal Workshop, said, "We are thrilled to find a values-aligned partner that brands can trust to provide truly sustainable circular services. Bleckmann has the resources, expertise, and commitment to scale renewal and re-commerce for the industry ... The potential for renewal to make a meaningful difference in the climate crisis is real. Our most recent research demonstrates that brands can achieve an average reduction of 51.5% in carbon emissions by renewing an existing product instead of producing a new one. Bleckmann is the ideal partner to help every brand committed to sustainability achieve their goals."
Bleckmann is a subsidiary of Netlog Logistics Group, a supply chain logistics company based in Turkey.
