Recycling equipment specialist O.Kay Engineering Services has sold its stake in joint venture OKLM Recycling Technology, giving L&M Group full ownership of the company.
O.Kay said the decision to sell its 50% share in OKLM was “entirely amicable”. The share has been sold to an L&M Group company, Sutco Recycling Technik.
O.Kay added that the arrangement has the full agreement of both sets of shareholders and will “enable O.Kay to concentrate on providing a range of high-quality medium-sized plant, while Sutco, through its ownership of OKLM, will concentrate on large-scale projects in the UK”.
The change of ownership became effective on 11 February.