Recycling Lives has completed its purchase of Metal & Waste Recycling (MWR) after regulators forced metals recycling firm EMR to sell.
EMR bought MWR in 2017 but the Competition & Markets Authority intervened and concluded that the deal marked a “substantial lessening of competition” and required EMR to sell most of MWR.
Recycling Lives now owns MWR’s Hitchin fragmentiser site and seven other facilities across the south-east, north-east, Midlands and south Wales. EMR has retained two MWR sites in London.
Recycling Lives chief executive William Fletcher said: “We are excited to have completed this acquisition as part of our ongoing growth strategy.
“MWR has a long and successful history which will provide a solid foundation for our future together. We are looking forward to working with its team and finding ways to improve one another’s business.”
Recycling Lives uses its commercial operations to support the Recycling Lives charity and social enterprise, which delivers programmes to rehabilitate offenders, support homeless people and redistribute surplus food.