Scottish based recycler Redeem acquires Staffordshire based emc which is expected to turn over £4 million this year
Scottish recycler Redeem Holdings has purchased one of its B2B rivals, Environmental Mobile Control Limited (emc).
The purchase of Staffordshire based emc, which is expected to turn over £4 million pounds this year is seen as a major boost by Redeem to its UK and European operations.
Redeem currently operates in Ireland and Hong Kong as well the UK and the emc purchase will extend its presence into Norway and Denmark.
Redeem CEO Curt Hopkins who led a management buy in of Redeem in January said the acquisition was in line with the new teams strategy.
“We have a clear strategy to be the most comprehensive and leading value recycler in Europe,” Hopkins said.
“Since the management buy-in of Redeem in January 2011 our focus has been to build the existing business both in the UK and internationally.
“emc, which specialises in providing value-added recycling and data security services within the SME, corporate and public sectors, complements Redeem’s existing expertise in the consumer, charitable and white-label markets and expands the range of services we can offer to our clients.”
Emc co founder and former managing director Ian Austin said he was delighted at teaming up with Redeem.
“This is a time of great change and development within the industry and we are delighted to be part of Redeems vision for the future and are confident that the acquisition will provide great opportunities for both UK and global recycling operations,” Austin said.
“Redeem is a progressive and forward thinking organisation and we are all excited at the prospect of being part of the strategy to become Europe’s leading recycling company.”
Austin will now provide ongoing strategic support to both the boards of Redeem.
Dominic Lovegrove who has worked at emc for 12 years will become general manager.