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Management buy-out for Scots fridge recycler

Only two years after its formation, the operator of Scotlands only permanent fridge-recycling facility has completed a management buy-out valuing the business at £18.9 million.

Responsible for processing some 380,000 refrigerators each year, Perth-based Shore Recycling is supplied by 29 of Scotlands 32 local authorities and also processes fridges from as far south of the border as Stoke-on-Trent.

Shore Recycling will also shortly open a cathode ray

tube splitting plant to assist

in the recovery of both leaded

and unleaded glass from obsolete televisions.

The buy-out will enable the existing management team of Malcolm Todd and Tom Liddell to participate fully in the future development of the business. Shore Recyclings founder Simon Howie remains as executive director. Funding

for the deal was put together by RBS Corporate & Structured Finance.

According to Todd, the impact of the EUs directive on waste electrical and electronic equipment is massive and continues to afford opportunities to companies like Shore Recycling.

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