Livingstone has advised European Metal Recycling, a global leader in metal recycling, on the sale of Metal & Waste Recycling, a leading specialty scrap recycler, to Recycling Lives. As part of the transaction, the London-based sites of Metal & Waste Recycling will be retained by European Metal Recycling.
Established in 1970, Metal & Waste Recycling is a nationwide metal recycler with depots in the South East, Midlands, and the North East. The group specializes in the recycling of ferrous and non-ferrous metals from automotive, demolition, military and engineering businesses as well as metal merchants.
The disposal comes following an intervention by the Competition & Markets Authority when Metal & Waste Recycling was first acquired by European Metal Recycling in 2017.
Edwin Leijnse, Group CFO / COO at European Metal Recycling, commented: “Livingstone was appointed based on its deep sector knowledge and track record of advising on carve-out transactions. Throughout the process, they provided valuable strategic advice and managed the process in a hands-on manner.”
“We’re pleased by the outcome for all parties involved. This transaction reinforces Livingstone’s continuing depth of experience in the international recycling and metals space, alongside our expertise in corporate carve-outs,” commented Mike Jenny, Partner at Livingstone.
The completion of this transaction further reinforces Livingstone’s position as advisers of choice within the recycling and metals space, following the Jupiter Aluminum acquisition of Baux, the sale of Pioneer Metal Finishing to Aterian Investment Partners, and the original sale of Metal & Waste Recycling to EMR.
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- "Livingstone was appointed based on its deep sector knowledge and track record of advising on carve-out transactions. Throughout the process, they provided valuable strategic advice and managed the process in a hands-on manner."Edwin Leijnse, Group CFO/COO, European Metal Recycling