The Renewal Workshop, based in Cascade Locks, OR, has been acquired by Dutch logistics company Bleckmann. The acquisition enables Bleckmann to enhance its service portfolio with renewal and re-commerce services. Terms were not disclosed.
The Renewal Workshop has worked with brands including The North Face, Adidas, New Balance, Pearl Izumi, Osprey, and Timbuk2 in the Active Outdoor Industry to “recover value from their unsellable returns and excess inventory,” to resell on its website. The company had announced a $6 million financing round in July 2021.
Jurrie-Jan Tap, chief business development officer, 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 the entire TRW team. To Bleckmann, the comprehensive Renewal System complements our efforts to offer sustainable solutions to our clients.”
Nicole Bassett, a co-founder and co-CEO, 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.”
“Bleckmann’s reach makes them the perfect company to take on the Renewal Process. With their global footprint, they can build on what we started in Europe and the U.S. and unlock renewal and recommerce quickly and efficiently,” said Jeff Denby, co-founder and co-CEO, The Renewal Workshop.
The Renewal Workshop solution also adds new value to Bleckmann’s current Returns management solutions.
“Returns management is a significant business issue for clients, both financially and environmentally. With The Renewal Workshop by Bleckmann, we offer a new, advanced way of managing returns, leading to higher added value for all parties involved, including the end-consumers. By increasing the percentage of merchandise redirected to recommerce channels or repurposed by upcycling and recycling, we all build towards a better circular tomorrow,” added Tap.