Livingstone’s Industrial team has advised Metal & Waste Recycling, a leading independent speciality scrap recycler, on its sale to European Metal Recycling, a global leader in metal recycling, with operations in over 170 locations all around the world. Established in 1970, Metal & Waste Recycling is one of the largest metal recyclers in the UK market.
The group specialises in the recycling of ferrous and non-ferrous metals, with headquarters in London and depots in the South East, Midlands and the North East. Metal & Waste Recycling has 8 operating sites across the UK and purchases over 800,000 tonnes per annum of metals from automotive, demolition, military and engineering businesses as well as metal merchants.
Jonathan Halford, Chairman at Metal & Waste Recycling, commented: “Livingstone’s deep sector knowledge and the support of an integrated global team were invaluable in delivering an excellent outcome for all shareholders.”
“This transaction showcases how cross-border collaboration drives successful outcomes for our clients,” commented Mike Jenny, Managing Director at Livingstone. “We are delighted that this acquisition has provided European Metal Recycling with the opportunity to accelerate their strategic growth initiatives through a partnership with the terrific team at Metal & Waste.”
Ian Guilfoyle, Associate Director at Livingstone, commented: “It became clear through our discussions that this deal is an excellent opportunity for both companies, which share the same cultural values.”