Engineering firm acquires waste transfer site
Recycle It Global (RIG) has acquired Park-an-Chy Waste Transfer Station as part of its growth strategy to drive technological advancements in solid and fluid waste.
RIG is an engineering company specialising in the processing of technical wastes generated from construction and demolition.
The acquisition is part of continued growth in the south of England for RIG, as the company expands its client base across Devon and Cornwall. It said the deal will see jobs created and the advancement of waste management and plant training, in partnership with Cornwall College. Park-an-Chy is located on the outskirts of Scorrier in Cornwall.
Paul Nicholls, CEO at Recycle It Global, said: “Acquiring Park-an-Chy Waste Transfer Station allows us to scale our pioneering work, by diverting waste from landfills and creating a circular economy solution to the UK’s mineral requirements. As part of our growth, we’re looking to create a cutting-edge research and development waste processing depot to advance bioremediation techniques of complex waste streams, to expand our positive impact for a circular waste economy.
“I want to congratulate the Douce family for 35 years plus, of successful business and wish them all the luck in their future endeavours. We received terrific support from Hill Dickinson and Bishop Fleming, who helped us navigate and negotiate the acquisition. We appreciate their continued support in managing a smooth process throughout and delivering a successful transaction.”
James Redshaw, senior associate at Hill Dickinson, who led on the provision of legal advice to RIG added: “We were pleased to work alongside chief executive Paul Nicholls and the Recycle It Global team to guide them successfully through the company’s first acquisition. Advising a young and ambitious business like Recycle It Global, that is already making a name for itself in applying engineering innovation to drive sustainability and help protect the environment, is both interesting and rewarding. We wish the team every success at this next stage in the company’s growth.”
Hill Dickinson and Bishop Fleming supported the buyers in the deal, while Wilde Law supported the sellers.