Midlothian's NWH Group eyes growth after snapping up fellow recycling business in Tyne & Wear
Waste recycling firm NWH Group has unveiled the acquisition of a peer in Tyne & Wear that it said will boost its turnover by about £5 million a year.
The Midlothian-based firm has acquired the business and assets of 45-year-old family business J&J Stanley Recycling in Blaydon for an undisclosed sum. The deal brings 14 employees across to second-generation family firm NWH, taking its workforce in the UK to 354, as well as adding the Cowen Road waste recycling site that spans about five acres.
NWH chief executive Mark Williams said the deal is part of its strategy for growth through geographical expansion. The group, which first expanded into Newcastle in 2018, said it has quickly outgrown its existing premises due to demand, and requires more space to expand its operations and cater for the wider region.
Mr Williams added: “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.”
NWH plans further investment in the Cowen Road facility to renew equipment with the latest technologies to ensure recycling can be maximised.
J&J Stanley Recycling will be re-branded as The NWH Group and the business will be looking to identify further growth opportunities for the Blaydon site. The deal, secured through a pre-pack transaction, was led by a team from specialist business advisory firm FRP.
NWH was late last year announced as one of nearly 60 top Scottish businesses featuring on a prestigious list of 1,000 companies to inspire Britain.