PandaGreen has acquired Cheshire-based WSR Recycling, with directors Nick and Amanda Prescott leaving after 25 years.
The Prescotts say they sold the business so they could move on to other ventures and interests.
A press release from the company added that the couple wanted to “let one of the major waste management companies build on the existing and thriving business”, as well as acknowledging ”they have been fortunate enough to have a great team of staff who have also helped to drive the business forward”.
This is the second UK acquisition for Ireland-based Panda Group, after it bought the New Earth Solutions business when it went into administration in 2016.
Brian McCabe, managing director at PandaGreen said: “We are very excited to acquire WSR. It is our intention to continue with what is already in place, and to build and develop this even further, ensuring the company continues to provide the quality of service that customers have been used to. This acquisition is part of our strategic growth plans for the UK.”
PandaGreen directors Eamon Waters and McCabe will replace the Prescotts, with the company continuing to trade as WSR Recycling.
Last year the company was granted a 100,000-tonne capacity expansion at its Halton site.
PandaGreen is one of Ireland’s largest waste management companies, following the acquisition of Greenstar in 2016.