Construction industry supplier Heidelberg Materials UK has completed the acquisition of Cambridgeshire-headquartered recycling specialist Mick George.
Nine sites across the two companies’ portfolios had to be sold to address concerns raised by the Competition and Markets Authority, which has now approved the deal.
Heidelberg Materials said the acquisition strengthened its circular materials offering and supported the development of innovative technologies for processing waste and upgrading it to a valuable material.
Mick George has an annual turnover in excess of £200 million and operates a number of recycling facilities, waste transfer stations, aggregate quarries and ready-mixed concrete plants in the East of England.
Heidelberg chief executive Simon Willis described the deal as an “exciting milestone”.
“It is a strong fit and represents a major step as we embrace the opportunities the construction waste sector represents,” he added.
“It will allow us to drive the use of recycled aggregate in building materials and help us reach our target to offer circular alternatives for half of our concrete products by 2030.
“Promoting circularity and thereby reducing the use of primary raw materials is crucial to achieving net zero and we are committed to playing our part.”
