Chilton Waste Services has been bought out of administration saving 33 jobs at the waste management company.
Raymond Brown Minerals & Recycling (RBMR) bought the Dicot-based firm from administrators at BDO in a pre-pack agreement after Chilton Waste Services went into administration last month.
The deal includes the company’s trade, plant and equipment as well as its 13-acre freehold site. It also secures 33 jobs at Chilton will which now trade under the Raymond Brown name.
Steve Clasby, director at Hampshire-based RBMR, said that buying the Chilton business was a great opportunity.
“The acquisition marks a significant milestone for RBMR, adding to our growing network of recycling facilities across the south,” he said. “Geographically the site couldn’t be better placed, extending the reach of our services to the north into Oxfordshire.”
The Chilton recycling facility is permitted to process 150,000 tonnes of waste a year, mostly from monthly collections at wheelie bin lifts around the region, and via its skip and ro-ro hire service.
RBMR says it hopes to increase the percentage of waste recycled at Chilton from the 35% to 90% and above.