North West based recycling company C&C Recycling has been bought for an undisclosed seven figures sum by Veolia Environmental Services.
The purchase is part of Veolias strategy to expand national capacity for paper and cardboard recycling.
C&C Recycling processes 70,000 tonnes of paper and cardboard a year at its site in Bury and Veolia will look to expand operations at this site further. The majority of the plants feedstock, 80%, is supplied by customers in the North West.
The acquisition is also part of Veolias general strategy to build a UK-wide network of facilities and will also strengthen its regional presence.
Veolia chief executive Jean-Dominique Mallet said: This acquisition is another important development in our plans to strengthen our position as a major player in the commercial waste recycling market.
It follows the successful acquisition of Midlands-based Hollands Recycling and will further extend our pre-treatment compliance solutions in the light of recent Government legislation, as well as boosting our internal recycling capacity.