Nantwich based Recycling UK Limited have today announced the acquisition of Oswestry Waste Paper Limited. The Shropshire based company collects and recycles over 30,000 tonnes per year of waste paper, plastic and other recyclables throughout Shropshire, Cheshire, North and Mid Wales and The West Midlands and operates a fleet of eleven vehicles.
Recycling UK Limited, are one of the largest independent traders of recycled paper and plastic in the UK. They collect material from source for delivery into regional partner processing plants, and buy all grades of processed material throughout the UK and Ireland from waste paper processors ranging from large companies to waste disposal contractors, and traditional partner processors and merchants.
The company sold over 250,000 tonnes last year to paper mills and packaging end users in the UK, Holland, France, Germany, Austria, Sweden, Slovenia, Italy, China, and to India and Pakistan through its joint venture with the Vora family and Paperworks India Limited whose head office is located in Mumbai. The company started trading in 1998 as Fibre Recycling UK Limited and changed its name to Recycling UK Limited in 2005. In recent years the company has grown substantially with a net turnover last year approaching £28m.
Commenting on the acquisition, Managing Director Neil Clarke said "although we are traditionally a trading company, in recent years we have seen a large growth in the source materials that we handle and we have tried to feed such into the processors that we buy from throughout the UK and Ireland. Oswestry Waste Paper is one such company that we have a long standing close relationship with which goes back many years. When Mrs Cheryl Davies decided to sell the company it seemed an ideal opportunity for us both. We are keen to keep the very professional business operating in the same manner, and with the regional branding intact. We have seen so many local acquisitions changed overnight by large multinationals removing the local brand, and interfering with first class service. We will not be doing such and that appealed to Mrs Davies and her Son Oliver who will both be involved in the business going forward".
Cheryl Davies, Managing Director of Oswestry Waste Paper added "After the tragic sudden death of my husband Dave in 2009 I have run the company with the help of my Son Oliver, office manager Paula Carson, and all the other members of staff who have been a great help. Over the last year I felt I wanted to hand over the reins and no longer have all the responsibility of owning the company on my own. There were a number of companies who expressed an interest in acquiring the shares, but my main aim was to ensure that whoever took on the company would protect the company name and ensure the business carried on trading here for many years to come. My preferred option was for Recycling UK Limited to acquire the shares as we have built up a good relationship with them over the years. Importantly, Recycling UK has always indicated as part of these discussions, that they would keep the name of Oswestry Waste Paper and keep things as they are, as far as the outside world is concerned"
Commercial Director of Recycling UK Limited, Simon Marsden said "We are all excited about the acquisition as it will give us the opportunity to grow our source tonnage in close proximity to our head office in Cheshire as well as the whole of Shropshire, and further afield in parts of the Midlands, and Wales where we do not currently have a lot of associate processing plants. It will also give us the opportunity to bulk certain specialist grades together for loading from one location for delivery to our sister company in India and our customers in other parts of the Indian sub-continent. Our plan is to acquire or develop further processing plants in areas of the UK and Ireland where we do not currently have coverage for our local source materials, and growing national contracts.
Steve Bell who is Business Development Director said "This is what we have needed and been working towards for quite a few years. We are looking forward to the challenges ahead and excited about having such a first class recycling plant of our own. The equipment and vehicles are in top condition which is testament to the management and staff at Oswestry. Hopefully we can take the tonnage processed close to the 1000 plus tonnes per week the site is designed for"