Global metals recycler, EMR is expected to confirm shortly that it is acquiring the London-based company, Metal & Waste Recycling.
EMR Liverpool: The acquisition will add to the company’s network of facilities
Metal & Waste specialises in the recycling of ferrous and non-ferrous metals, with depots in the South East, Midlands and the North East.
According to its website, Metal & Waste is the fourth largest metal recycler in the UK, with over 240 employees and 12 operating sites across the UK, purchasing over 800,000 tonnes of metals a year.
Metal & Waste export metals by ship to Europe and are “one of the few UK companies able to offer bulk export tonnage of high quality metals in containers”.
Warrington
EMR, which has its UK headquarters in Warrington, employs around 4,000 people and operates at 150 locations around the world, including the USA, India and Hong Kong.
Metal & Waste stemmed from a business founded by Albert Widdowson in 1964. He bought GD Metals that year and his son, Gary, joined the business in 1976. A series of industry acquisitions followed and in 2007 the business was sold by the family to Barclays Private Equity. For Metal & Waste, in 2014 a new 5 year £32.9 million ABL banking facility was opened with Bank of America and Merrill Lynch.
Total Waste Management, which was once part of the Metals and Waste business grouping, remains with the Widdowson family.
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Source: letsrecycle.com Metal
