COVED

What COVED does

Paprec Group is a French privately-held waste management and recycling operator founded in 1994 by Jean-Luc Petithuguenin and headquartered at its original site in La Courneuve. The group provides an integrated waste management platform spanning collection, sorting, material recycling, energy recovery, and organic valorization, serving 70,000 industrial clients and more than 1,500 local governments (collectivités) across France. Operations are supported by 16,000 employees and a cumulative industrial infrastructure investment exceeding €3.5 billion, enabling an annual throughput of approximately 20 million tons of waste and reported avoidance of 9.8 million tons of CO2 equivalent.

The company operates through specialized facilities including sorting centers, plastic recycling units, energy recovery plants, and composting/organic valorization sites. Its service portfolio covers wood, construction waste, scrap metals, paper-cardboard, batteries, electronics (WEEE), plastics, end-of-life vehicles, and glass recycling, alongside waste-to-energy conversion including CSR (Solid Recovered Fuel) production. Digital channels complement the field-sales model: MyPaprecSolutions enables online ordering for businesses, municipalities, and individuals in approximately two minutes; Easyrecyclage provides specialized office and tertiary waste collection with monthly pickup; and client portals MyPaprec and MyNodus Services centralize account management and waste tracking.

Revenue is generated through three primary streams: recurring service contracts for waste collection and treatment with private enterprises and public-sector clients; transactional sales of secondary raw materials (recycled plastics, metals, paper, cardboard, glass, wood) to industrial buyers; and transactional revenue from energy valorization of non-recyclable waste. Pricing is quote-based and negotiated per multi-year contract, with no publicly disclosed pricing. The group competes against major French waste operators including Veolia, has expanded into Western European markets (Spain, Germany, UK), and maintains a strong brand presence through sponsorship of the Solitaire du Figaro Paprec sailing race and digital content marketing across LinkedIn, YouTube, and Instagram.

Name

COVED

Legal name

Paprec Group

Website

https://coved.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

French privately-held waste management and recycling operator founded in 1994, serving 70,000 industrial clients and 1,500+ local governments across France with integrated collection, sorting, recycling, energy recovery, and organic valorization services.

Ownership category

akta.pro rank

Product category

Waste Management and Recycling Services

NAICS

Waste Collection (56211), Solid Waste Collection (562111), Materials Recovery Facilities (562920), Waste Treatment and Disposal (5622), Materials Recovery Facilities (56292)

SIC

Refuse Systems (4953), Sanitary Services (4950)

akta.pro primary industry

Commercial & Office Waste Collection (Non-hazardous) (EUAIAGAA)

akta.pro secondary industries

Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA), C&D Waste Collection, Hauling & Container Services (Roll-off/Dumpsters) (EUAIAHAA), E-Waste (WEEE) Collection, Refurbishment & Recycling (IMAIAFAH), Solid Waste & Recycling Services Administration (BPAIACAH)

Keywords

• Waste collection services
• Recycling materials processing
• Energy recovery services
• Industrial waste management
• Secondary raw materials

Headquarters

HQ city

Toulouse

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Waste Collection and Treatment Services: Core revenue from collecting and processing waste from businesses and municipalities. Services include collection, sorting, recycling, and disposal. Revenue generated through service contracts with both private enterprises and public sector clients.
2. Secondary Raw Materials Sales: Sale of recycled materials (plastics, metals, paper, cardboard, glass, wood) as secondary raw materials to industrial buyers. Transforms collected waste into sellable commodities.
3. Energy Valorization: Revenue from waste-to-energy facilities processing non-recyclable waste into energy for sale or internal use.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

COVED/Paprec Group provides integrated waste management and recycling services to industrial clients and local governments across France. Core services include waste collection, sorting, material recycling (wood, metals, paper-cardboard, plastics, WEEE, end-of-life vehicles, glass, construction waste), energy recovery from non-recyclable waste (including Solid Recovered Fuel production), and agronomic/organic valorization. The offering is delivered through an owned collection fleet, owned industrial processing facilities, a national network of local agencies, and digital self-serve platforms (MyPaprecSolutions and Easyrecyclage).

Product overview

Paprec Group is a comprehensive waste management and recycling platform offering a unified industrial ecosystem of services. The core offering includes material recycling (handling wood, construction waste, metals, paper, plastics, electronics, vehicles, and glass), energy recovery (waste-to-energy conversion including CSR production), and agronomic recovery. The company operates client-facing digital platforms including MyPaprecSolutions (online ordering portal for businesses and municipalities), Easyrecyclage (specialized office waste service), MyPaprec (client portal), and MyNodus Services (additional client services portal). The portfolio spans both B2B (70,000 industrial clients) and B2G (1,500+ municipalities) segments.

Differentiator

Problem solved

Functional benefit

Brands

• Paprec Energies: Energy recovery division handling waste valorization
• MyPaprec Solutions
• Easyrecyclage
• Team Paprec Arkea

Products and services

• Material Recycling Core recycling service processing diverse material streams including wood, construction waste, scrap metals, paper-cardboard, batteries, electronics (WEEE), plastics, end-of-life vehicles, and glass into secondary raw materials for industrial buyers.
• Energy Recovery
• Agronomic Recovery
• Waste Collection for Businesses
• Waste Collection for Municipalities
• MyPaprecSolutions
• Easyrecyclage

Quantifiable outcome

• 9.8 million tons of CO2 equivalent avoided through recycling and valorization activities
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered flagship and minor.

• Paprec Arkea (Team Paprec Arkea)flagshipStrategic or Co-development PartnerSailing sponsorship partnership with Paprec Arkea (sailing team). The company sponsors the Solitaire du Figaro Paprec sailing race and has a dedicated team (Team Paprec Arkea) for sailing competitions.
• VeoliaminorOthersCompetitive relationship with Veolia in waste management sector. Mentioned in context of competitive bids for municipal contracts (e.g., Sète Agglopôle Méditerranée).

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Suez: Major French-headquartered water and waste management group with overlapping recycling, collection, and recovery services in France and Europe. Competes head-to-head with Paprec on municipal and industrial waste tenders and is among the largest players in French recycling.
• Veolia: Global environmental services leader with a large waste management and recycling division in France. Directly competes with Paprec on municipal waste contracts (e.g., Sète Agglopôle) but operates at substantially greater scale and breadth across water, energy, and waste.
• Veolia Recycling & Recovery France: French division of Veolia focused on recycling, hazardous waste, and energy recovery. Closest direct competitive overlap with Paprec on materials recovery facilities, hazardous collection, and energy-from-waste within France.

Direct peers

• Biffa: UK-listed integrated waste management company providing collection, recycling, and energy-from-waste services. Directly comparable business model to Paprec with a focus on municipal and commercial waste, though concentrated in the UK market.
• Remondis: German-headquartered family-owned waste and recycling company operating across Europe. Offers comparable services in collection, sorting, recycling, and energy recovery, and is a major competitor for cross-border industrial accounts.
• Derichebourg: French multi-service group with a major environmental services division focused on metals recycling, waste collection, and recovery. Overlaps with Paprec on metal and industrial waste streams and shares the French industrial customer base.
• Renewi: UK/Dutch-listed recycling and waste management company operating across the Benelux, UK, and France. Closely comparable in secondary raw materials output, sorting operations, and multi-stream recycling services targeting industrial and municipal customers.
• Stericycle: US-listed regulated waste and recycling services company with operations in Europe. Comparable in specialized waste streams (WEEE, hazardous, regulated waste) and in serving large enterprise customers with compliance-driven needs.
• Séché Environnement: French-listed industrial and hazardous waste specialist with comparable offerings in treatment, recycling, and recovery for industrial and municipal clients. Operates at smaller scale than Paprec but addresses the same industrial and public-sector customer base in France.
• FCC Environment Services: European waste management and recycling arm of the FCC Group (Spain), active across Iberia, UK, and Central Europe. Comparable offering in municipal collection, materials recovery, and end-of-life processing for industrial and public-sector customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCEJe3bqFwalwvNtAKP8XgeQ
• LinkedInfr.linkedin.com/company/paprec
• Instagraminstagram.com/paprecgroup
• Xx.com/covedentreprise

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about COVED