Livingstone has advised European Metal Recycling, a global leader in metal recycling, on the disposal of Metal & Waste Recycling, a leading speciality 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 specialises 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 were 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.”
Ian Guilfoyle, Director at Livingstone, added: “Given our relationship with Metal & Waste and European Metal Recycling, we are pleased that we could find a good home in Recycling Lives which will provide Metal & Waste and its employees with a secure future.”
The completion of this transaction further reinforces Livingstone’s position as advisers of choice to business owners seeking a strategic acquirer in the recycling and metals space, following on from Three Hills Capital Partners investment in Recycling Lives, the sale of Helistrat to Reconomy and the original sale of Metal & Waste Recycling to EMR.