North-east waste manager JBT has been taken over by Remondis Waste Solutions.
JBT was founded by John and Glynis Binks in 1972, and has been included in the latest list of the ‘Fastest 50’ companies in waste sector, produced by Catalyst Corporate Finance.
The company now processes more than 220,000 tonnes of waste a year and employs 150 staff. It has sites at Bedlington and Birtley, on either side of the river Tyne, and offers waste collection, recycling, refuse-derived fuel processing, waste electrical and electronic equipment and aggregate recycling to more than 500 customers.
Both parties have agreed not to disclose financial details of the acquisition. Remondis is establishing a joint team of the current JBT management and specialists from the Rethmann Group head office in Germany to integrate JBT.
The team will be overseen by Remondis Waste Solutions’ managing director Steve Patterson, who praised JBT for “impressive growth in recent years thanks to clear strategic vision, a highly skilled and committed workforce and a strong management team”.
Founder and JBT chief executive John Binks said: “Despite its impressive scale, the family-owned structure of the Remondis group and the mindset of the Remondis people are based on very similar philosophies to our own.
“This is why we believe that Remondis is a natural fit for JBT and its employees, and a strong partner to further diversify our activities and develop the business.”
Rethmann Group is a privately-owned multinational company founded in 1934 with about 60,000 employees and operations in three main business areas.
Within the UK, as well as Remondis, the group has logistics branch Rhenus and Saria, the animal by-product and food waste processing business, which has large-scale anaerobic digestion plants in Doncaster, Widnes and Dagenham.