A growing recycling company has snapped up a Gateshead business as it seeks to expand its North East operations.
NWH Group has acquired family firm J&J Stanley Recycling in Blaydon for an undisclosed sum, in a deal which sees its 14 employees move across to the Scottish headquartered company.
The deal will add around £5m to NWH Group’s annual turnover, as well as J&J Stanley Recycling’s 4.87-acre Cowen Road waste recycling site, and takes the group’s total workforce to 354.
The Edinburgh-based business has eight sites across Scotland but moved down into the North East in 2018.
The following year it invested around £2m into a new trade waste service centre in Blaydon that was previously home to collapsed construction group Owen Pugh, extending the company’s range of services to allow waste recycling from the office, industrial, construction, healthcare, hospitality, and leisure sectors.
The Cowen Road facility is already equipped with a picking line, sorting station, baler and scrap metal processing equipment. NWH plans a further investment to renew some of the equipment with new technologies to maximise recycling.
J&J Stanley Recycling will now be re-branded as The NWH Group and the business will be looking to identify further growth opportunities for the Blaydon site, while also creating a number of new jobs.
NWH Group CEO Mark Williams said the firm still requires more space to expand its operations and cater for the wider North East.
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Mr Williams said: “These are exciting times for our business as we successfully deliver on our strategy for growth through geographical expansion and we are delighted to announce our acquisition of this 45-year-old family business.
“Building on the foundations laid by J&J Stanley Recycling, we will be able to better service our existing customers in the area and expand our trade waste business across the North East of England.”
The deal, secured through a pre-pack transaction, was led by a team from specialist business advisory firm FRP.