The recycling division of Cromwell Polythene has been sold to a new firm Leopard Recycling from 1 January 2013.
Cromwell Recycling has been sold to 99p recycling director Sky Li along with the former boss of Cromwell Recycling Mark Fuller.
Sky Li told SCM: “Leopard Recycling is a new independent company, and I am the majority shareholder working with Mark Fuller.
“As a result of this purchase, nothing will change with the business, apart from that we will work to boost our suppliers and customers.
“99p Recycling was a customer of Cromwell Recycling, and will still be a customer of Leopard Recycling.”
Commercial director Mark Fuller added: “Having run Cromwell’s recycling division for the past eight years I am well aware of its potential and am excited by the prospect of building on the successful foundation that has already been laid. I am particularly pleased that this will be with the team of people with whom I have worked in the past. Between us, I have every confidence in our future.
“Although our focus will continue to be polythene, Leopard will be free to develop its own markets, trading a more diverse range of recyclable waste materials.”
Leopard Recycling will continue to trade from its Sherburn-in-Elmet warehouse, where material is sorted, graded and baled for recycling.