WasteCare grows with acquisition
WASTECARE, the hazardous waste recycler, has acquired fellow Yorkshire-based firm E Pease & Sons to create the largest independent industrial packaging recycling and reconditioning business in the UK.
The deal for the Leeds-based industrial packaging reconditioner, which will now trade as PackCare, was for an undisclosed sum.
The long-established company, based on a five-acre site in Gelderd Road, has been sold by its French parent, Sotralentz, which had previously bought it in 1999.
WasteCare is part of the Silver Lining Industries Group. It is a specialist recycling company based at Garforth, near Leeds.
With a projected turnover of £25m for 2008, It employs some 255 people around the UK.
WasteCare chief executive Peter Hunt said: “This is an excellent deal for WasteCare as the synergies between our two companies are considerable. Our
mission is to offer businesses low-cost compliance for most types of hazardous and difficult waste and this deal will enable us to extend our services to existing customers as well as into new business sectors.”
He said the aim was to increase PackCare's gross margin fourfold over the next couple of years.
Pease currently handles more than 500,000 containers a year. Technical director Phil Pease added: “This deal will create the largest independent industrial packaging recycling and reconditioning business in the UK. We will be the only company offering to collect all types of industrial container for a fixed cost from anywhere in the country – regardless of the quantity, content and condition of the containers concerned.”
The Pease site, with its purpose-built reconditioning facility, will give WasteCare additional capacity in the North of England. The company already has three licensed treatment and recycling facilities in West Yorkshire – as well as a further seven waste management sites around the UK.
WasteCare was advised by Robert Solyom of Leeds chartered accountants Brown Butler.
Its wholly-owned subsidiary, WeeeCare, was set up in 2007 specifically to help businesses to meet the stringent new compliance rules for waste electrical and electronic equipment.
