The buyers of a crusher company that went into administration last year see its products as vital to the construction industry, especially in the downturn. Winfield Engineering bought Red Rhino Crushers at the beginning of February from a previous investor.
The crusher company went into administration last October and main investor Bryan Eccles bought the assets and started a new company. The company, Recycling Product Limited, traded as Red Rhino Crushers. Eccles purchase was a temporary measure to ensure the product continued to be manufactured until a large buyer was found.
Purchaser Winfield Engineering managing director Simon Winfield said he understood the construction industry had taken a bit of a body-punch, but he added that there had been an increase in product enquiries. This, he said, revealed rising recognition that onsite construction waste recycling significantly reduced waste costs.
The Red Rhino brand is known all over the world and is a necessity in the construction industry, where it helps save masses of money and also helps the fight against waste going to landfill obviously a greener option, said Winfield.