Hadfield Wood Recyclers has been acquired by Enva Group in a move hailed by both parties as a “significant step”.
Hadfield, which operates nationally from three main sites in Manchester, Middlesbrough and Tillbury, was founded by Geoff Hadfield in 1980. He said that it was the right time for the firm to “become part of a bigger entity”.
“Enva is a well-respected company with a clear purpose,” he added. “There are obvious synergies between our respective businesses that will allow us to take the processing of waste wood to the next level. The whole team are delighted to be joining Enva and are looking forward to the future.”
Enva Group was formerly known as DCC Environmental, which began life as an Irish hazardous waste firm.
It has expanded through a number of acquisitions across the UK, including South Lanarkshire-based organic wastes firm GP Green Recycling in July.
Tom Walsh, Enva chief executive, said: “The manner in which the business [Hadfield] takes a waste material and manages it back into a new product – effectively creating a second life and displacing finite natural resources – is completely aligned with the strategy and ethos of the Enva business.”
Enva executive chairman Niall Wall added: “Enva has recently rebranded all of its businesses across the UK and Ireland. Hadfield, the latest in a series of important acquisitions, is in line with our growth strategy of acquiring quality resource recovery businesses and is another significant step in the group’s evolution.”
Global investment bank GCA Altium advised Hadfield on the acquisition
Shareholders were advised by GCA Altium’s Simon Lord, Adam Sivner and Matthew Furness.