SAICA swallows paper recycling firm
A FAMILY-owned waste paper recycling company based has been bought by Spanish group SAICA.
The deal to buy Houghton’s Waste Paper of Audenshaw, Tameside, comes three months after the SAICA began operating its new £300m paper mill in Partington, Trafford.
Houghton’s, a family owned and managed company, was established 35 years ago and provides paper and card recycling and secure document destruction service to North West companies, schools, hospitals and local authorities.
It has been operating for more than 35 years and provides a paper and card recycling and secure document destruction service to North West based companies, schools, hospitals and local authorities.
It processes more than 25,000 tonnes of waste paper a year at its recycling plant located just off the M60 motorway. Its close-ness to the paper mill in Partington was attractive to SAICA.
Houghton’s is the fourth business the SAICA has acquired in the UK within the last 18 months. Financial details were not disclosed. SAICA was advised by Birmingham-based Catalyst Corporate Finance
Partner Mark Wilson, who led the deal, said: “We have been working with SAICA for two years helping it to develop its operational infrastructure in the UK. This acquisition of HWP represents another step in that process, bringing SAICA up to nine recycling facilities across the UK with an annual processing capacity in excess of 400,000 tonnes.”
Based in Zaragoza, Spain, SAICA has an annual turnover of more than €1.8bn and employs 8,000 staff across Europe.