Somerset firm Moores Recycling has been bought by NG Holdings, owner of Grist Environmental.
Moores Recycling’s staff will continue to work for the new owners as guaranteed under the Transfer of Undertakings (Protection of Employment) Regulations 2006.
Managing director of parent company Moore (Holdings) Jason Moore (pictured right) took over the business from his father Peter in 1996.
He said: “I am confident that Moores Recycling will be in the best position to grow and develop in the hands of its new owners.
“I would like to thank the staff at Moores for their dedication over the years, without which we could not have built on the success of the company in the way that we did.”
Moores Recycling, based in Frome, has been running for more than 50 years and manufactures products from the waste it collects. Its clients have included DHL, Coca-Cola and Argos.
Commercial law firm Thrings advised Moore on the sale of the business.
Associate solicitor Sarah Ellis (pictured left) said: “The global context of the rising and falling cost of materials keeps pushing the refuse and recycling sectors to think differently about how they develop.
“Moores Recycling showed leadership by pushing forward innovative approaches to refuse management, for example, its decision to run both recycling and pipe manufacturing operations in close proximity.
“The acquisition of Moores Recycling by NG Holdings is a sound decision that builds on this forward-thinking approach – enlarging the economic and environmental potential of product lifecycle completion at a local level.”
Established in 1972 and based in Devizes, Grist Environmental offers waste management and automotive services across Wiltshire and the south-west, from sales of damaged but repairable cars to bodywork restoration and scrapping.
Following the sale, Moore is now set to dedicate himself to the restoration of classic cars, having launched a new business, JPM Classics, earlier this year.