Midlothian-based waste recycler NWH Group has acquired the business and assets of J&J Stanley Recycling in Blaydon, Tyne and Wear.
The business was acquired for an undisclosed sum, adding approximately £5m to NWH’s annual turnover.
The deal also brings 14 employees across to the group - taking its workforce in the UK to 354 - as well as the 4.87-acre Cowen Road waste recycling site.
Mark Williams, chief executive at NWH, 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 Cowen Road facility is already equipped with a picking line, sorting station, baler and scrap metal processing equipment.
NWH plans to renew some of this equipment with the latest technologies to ensure recycling can be maximised.
Having first expanded into Newcastle during the latter part of 2018, NWH has quickly outgrown its existing premises due to demand for its services, and requires more space to expand its operations and cater for the wider north east.
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 is a second-generation family business, serving the whole of Scotland and Newcastle from 10 sites.
It provides waste collection services to the leisure, retail and construction industries, transporting materials to its recycling facilities where they are transformed into products such as cardboard, paper, washed sands, biomass for energy and animal bedding.
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