Metal reprocessing and decommissioning company John Lawrie Group has acquired the assets of 60 North Recycling in Shetland.
The group, which is based in Aberdeen, has purchased the site previously occupied by 60 North in Lerwick and has taken over daily running of the facility.
The company says the site is strategically placed to support the oil and gas decommissioning sector in the area, as well as local metal recycling requirements.
It takes John Lawrie Group’s overall licensed capability in Scotland to 225,000 tonnes of ferrous and non-ferrous metals a year.
The acquisition is John Lawrie Group’s first major purchase since itself being acquired by its management in partnership with investor Rubicon Partners and investment firm Grovepoint.
John Lawrie has obtained a waste management licence from the Scottish Environment Protection Agency and a metal dealers’ licence from Shetland Islands Council. It plans to develop the site to offer full-service scrap metal processing and decommissioning.
Operations director Dave Weston said: “We’re very pleased to be expanding our business into Shetland. This investment will help to deliver an enhanced service to our existing and future customers, and will continue to create new employment opportunities in the area.”
In November, the group won the Circular Economy Award at the 2017 VIBES, the Scottish Environment Business Awards.