GCA Altium leads sale of Hadfield Wood Recyclers
Manchester-based investment bank GCA Altium has advised on the sale of Hadfield Wood Recyclers to recycling and resource recovery solutions provider, Enva, for an undisclosed sum.
Hadfield Wood Recyclers, based in Droylsden, is one of the UK’s oldest and largest wood recyclers.
It has additional facilities in Tilbury and Middlesbrough.
The company was founded in 1980 and handles wood waste for many national and international waste management companies, local authorities and other public sector bodies.
This recovered waste wood is then refined to create the ‘easi’ range of animal bedding products, as well as alternative sources of energy and materials for the panel board industry.
Runcorn-based Enva is a full-service provider of recycling and resource recovery solutions in the UK and Ireland.
The company’s investment will allow Hadfield Wood Recyclers to expand its national presence, and further consolidate its waste recycling service line.
The shareholders of Hadfield Wood Recyclers were advised by GCA Altium’s Simon Lord, Adam Sivner and Matthew Furness.
Simon Lord, managing director at GCA Altium, said: “Hadfield Wood Recyclers, led by Geoff Hadfield, has grown into the UK’s leading independent waste wood recycler and is an operation of the highest quality.
“It’s a pleasure to have led the sale of the business which will further strengthen its UK-wide presence and we wish the team every success in the future.”
Geoff Hadfield, founder of Hadfield Wood Recyclers, said: “Enva is a well-respected company with a clear purpose.
“There are obvious synergies between our respective businesses that will allow us to take the processing of waste wood to the next level. The whole team are delighted to be joining Enva and are looking forward to the future.”
Tom Walsh, chief executive of Enva, said: “We are delighted to have purchased Hadfield.
“The manner in which the business takes a waste material and manages it back into a new product – effectively creating a second life and displacing finite natural resources – is completely aligned with the strategy and ethos of the Enva business.”