Wednesday, May 8, 2019

Recycling Lives Ltd (“RL”) announces acquisition of Metal and Waste Recycling Ltd (“MWR”)

Three Hills Capital Partners (“THCP”) is pleased to announce that on Wednesday 8th May RL entered into an agreement to acquire MWR.

RL will acquire all MWR sites and operations across the UK with the exception of two sites in Edmonton and Neasden which were carved out as part of the transaction parameter.

MWR is a national recycling business and like RL it recycles all ferrous and non-ferrous metals with a reputation for good service for its loyal customers. The acquisition will enable RL to further expand its geographical exposure across the Midlands and in the South of the UK as well as adding a well located second fragmentiser.

The acquisition comes following an intervention by the Competition & Markets Authority (“CMA”) when MWR was first acquired by European Metal Recycling Ltd (“EMR”) in 2017. This found that MWR’s acquisition by EMR represented a “substantial lessening of competition” and required MWR to be sold.

The transaction represents a significant step forward in RL’s business plan of growing from a regional to a national competitor in the UK market.

About Recycling Lives

Recycling Lives is a multi-award-winning social business that combines commercial and charitable operations. Its commercial activities, undertaking recycling and waste management, directly support and sustain charitable activities of offender rehabilitation, food redistribution and a residential charity.

The company has operated in the recycling sector for 40 years. With 11 sites nationwide, its main 15-acre Recycling Park is home to industry-leading machinery, including Europe’s only fully-digitised fragmentiser. Its charity and social enteprises work to create social impact through social and environmental initiatives.

Its Food Redistribution Centre is tackling food poverty and reducing food waste. It takes surplus goods from food manufacturers, suppliers and supermarkets – which would have been destined for landfill – and distributes it to charities and community groups working in deprived areas and with disadvantaged groups.

Its HMP Academies programme is operational in 11 prisons nationwide. These Academies allow offenders to undertake meaningful work, in recycling and fabrication processes, while improving skills and earning qualifications, to reduce their risk of reoffending on release. Its residential charity offers structured support, accommodation and training opportunities to homeless men, allowing them to develop life and work skills to regain their independence and move into meaningful work and stable accommodation

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