Environmental services company Urbaser Ltd announced today (4 August) it had acquired Hartlepool-based waste management firm J&B Recycling for an undisclosed fee.
Operating from the North East of England, J&B Recycling boasts a “significant portfolio” of local authority contracts, Cheltenham-based Urbaser says, as well as more than 1,600 trade contracts servicing nearly 700 commercial customers within the region.
The acquisition of J&B Recycling provides Urbaser with a network of four materials recycling and processing facilities, managing more than 180,000 tonnes of waste per annum.
J&B Recycling’s forecasted revenue for the 2020/21 financial year was approximately £20 million, Urbaser says.
Javier Peiro, Urbaser’s managing director, said: “The acquisition of such an experienced and well-established operation within the North East represents a significant step in our ambition for growth within the UK marketplace.
“We are excited to welcome nearly 200 new employees to the Urbaser Ltd family. We look forward to building on the success of J&B Recycling within the region and continuing to deliver exemplary levels of service to the significant network of local authority and commercial and industrial customers.
“We have a strong history in the collection and processing of recyclable and municipal waste across the UK and internationally, and we are very pleased to be building on our existing presence in the North of England.”
‘Next chapter’
Founded in 1998, J&B Recycling employs mores 198 people and provides capacity for the handling and sorting up to 200,000 tonnes of recyclable materials per year.
In 2014, the company received £7.5 million from the independent Business Growth Fund to help expand its operations across the region (see letsrecycle.com story).
Since then, the company says it has “celebrated record financials” as it continued to win contracts with local authorities, such as in 2019 with North Tyneside council (see letsrecycle.com story).
Commenting on Urbaser’s acquisition of her company, J&B Recycling’s chief executive Vikki Jackson-Smith said: “When it came to looking for a partner that could support the business in our next chapter, Urbaser Ltd ticked all of the boxes.
“This deal will allow us to continue our growth within an organisation with shared values and goals.
“It will also provide the enhanced support for our team and customers that comes with being part of a company of Urbaser’s scale and calibre.”
Environmental services
With headquarters in Madrid, Urbaser has operated in environmental services across the world since 1990. Urbaser employs more than 50,000 people in 25 countries across a number of environmental management contracts.
Urbaser’s move for J&B Recycling comes as the company looks to strengthen its position in the UK waste sector. In the UK, Urbaser provides environmental services to more than 14 local authorities and 4.5 million people.
This January, Urbaser acquired six waste management contracts with a portfolio value of more than £30 million per year from infrastructure services provider Amey (see letsrecycle.com story).
The post Urbaser acquires J&B Recycling appeared first on letsrecycle.com.
Source: letsrecycle.com Waste Managment
