Wed, 28 Jun 2017 | MERGER
A Yorkshire-based waste management company has acquired a competitor, increasing their customer base to 4,000 and strengthening their position in the York and North Yorkshire districts.
Yorwaste and Todd Waste Management Group's merger is expected to increase the former's turnover to more than £48m.
Steve Barker, Yorwaste's managing director, said: "We look forward to welcoming our new members of staff and customers to the Yorwaste Group, as we join two great local businesses together. I can promise all customers that it will be business as usual.
"Our new customers will have access to more waste disposal and recycling facilities, as well as our state-of-the-art new fleet of vehicles, which will provide them with real value for money and further minimise their environmental impact."
This deal has come two months after Yorwaste took over the management and operation of 20 household waste recycling centres on behalf of North Yorkshire County Council. The company will also soon be opening a new £3m waste transfer station in York, as well as investing up to £1.5m in 11 new vehicles.
Barker added: "In July, the Allerton Waste Recovery Park will begin commissioning and, from day one, in partnership with our major shareholder North Yorkshire County Council, Yorwaste will be the main supplier of waste to the site.
"The deal we have struck with Todd’s is significant because it means we will now be able to recycle or recover even more waste from businesses in North Yorkshire and York."
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