Nantwich-based Recycling UK has announced its acquisition of Oswestry Waste Paper.
Based in Shropshire, Oswestry Waste Paper 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. It operates a fleet of eleven vehicles.
Recycling UK are one of the largest independent traders of recycled paper and plastic in the UK. It sold over 250,000 tonnes last year to paper mills and packaging end users in the UK, Netherlands, France, Germany, Austria, Sweden, Slovenia, Italy, and China, It also sold to India and Pakistan through its joint venture with the Vora family and Paperworks India, whose head office is in Mumbai. Its net turnover last year approached £28 million.
Recycling UK 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 which goes back many years. When 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, 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 that and that appealed to Cheryl Davies and her son Oliver who will both be involved in the business going forward.”
Oswestry Waste Paper managing director Cheryl Davies 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 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 its name and ensure the business carried on trading here for many years to come.”