Another UK recycling business has been closed down after Summit Systems decided to shut its Boomerang Plastics operation.
Boomerang has been operational for four years, but now the site is being cleared and the equipment sold.
Summit Systems managing director Mike Jordan (pictured) said: “We are of course disappointed with the outcome, but we have learned some valuable lessons and have walked away ensuring all our creditors were paid.
“We will now be focussing on driving forward our successful new recycling systems business Summit Recycling Systems, which will design and build MRF and PRF sorting plants.”
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Boomerang Plastics was established in 2011 on the back of a contract to recycle Muller yoghurt pots.
It comprised of a unique line to separate the unusual mixture of part-clean plastic pots, yoghurt, printed wrappers, card and foil.
However, an arson attack in 2014 led to a relocation with higher electricity and insurance costs. When combined with the low oil price and a lack of incentive to recycle in the UK, Mike Jordan took the decision to close.