Ward swoops for 160-year-old metal processing firm
Derbyshire metal recycling and waste management specialist, Ward, has bought the metal processing business of York scrap merchant, L. Clancey & Sons.
Ward has completed a deal with L. Clancey & Sons for its 3.9-acre scrap metal site in York and the business as a going concern. The deal bring forward the succession planning of Clancey’s, as two of its partners take retirement.
Clancey’s has a history stretching back 160 years. Its name will be kept as part of the deal.
One of the sellers, Richard Clancey, a member of the founding family, will stay on as site operations manager, employed by Ward and all other staff are being retained.
Thomas Ward, commercial director at Ward, said: “This is a really exciting time for both our family businesses. Clancey’s have a solid reputation in metal recycling, they share our values, outlook and approach to customers. We hope they will become an extension of the Ward team operationally, while retaining its own identity.
“This new site gives us even more geographical reach for both businesses with good transport links to our Midlands, Immingham and Redcar sites.”
Richard Clancey, partner, at L. Clancey & Sons, said: “Both our businesses are strongly family orientated and we have very similar values, from the way we look after our teams to the way we support our customers. This will be a really positive step for us all. Both myself and my daughter are looking forward to working with Ward and seeing what we can achieve together.”
Ward was supported with legal advice from Square One Law (led by Charlie Fielding) and financial due diligence was provided by PKF Smith Cooper (led by David Nelson). Azets (led by Stephen Garbett) and Harrowells (led by Matthew Rowley) acted on behalf of L. Clancey & Sons.