A south-west company specialising in clinical waste collection has been bought by the multi-national Tradebe.
The takeover of Ecowaste Southwest for an undisclosed sum follows a ruling by the Competition Commission in March that owners Stericycle had to sell it.
Stericycle bought the company in 2011 but the commission concluded “the acquisition would lead to a loss of local rivalry leading to higher prices and lower service levels in parts of the south-west of England than would have been the case in the absence of the merger”.
The company, based at Avonmouth, Bristol has an annual turnover of £2m, employs 16 people and provides clinical waste collection services throughout the region.
The ruling continued: “We also considered carefully alternative proposals before concluding that a full sale of the Ecowaste Southwest business would be the only effective way to maintain competition. Ecowaste Southwest is a profitable business and we believe it will be possible to find a suitable purchaser.”
Tradebe’s UK chief executive officer, Alex Gazulla, said: ‘We are delighted to complete this acquisition as it complements our existing healthcare business.’
Tradebe Healthcare is licensed to handle over 18,000 tonnes a year of all types of healthcare wastes and provides a national collection service to NHS trusts, hygiene customers and pharmaceutical organisations. The company claims to have the UK’s only cold disinfection treatment process for orange bag clinical waste.
The Tradebe group is based in Spain, has an annual turnover of £275m and globally employs 1,750 people.