Yorwaste has acquired Thirsk-based Todd Waste Management Group for an undisclosed sum.
The move will increase Yorwaste’s turnover to more than £48m, its staff numbers to around 350 and its commercial customer base above 4,000. This includes 46 members of staff and 1,200 business customers from Todd Waste Management joining the newly merged Yorwaste Group.
Steve Barker, Yorwaste managing director, said: “[The acquisition] represents a significant expansion of Yorwaste as we consolidate our position as the premier waste management company in North Yorkshire and York.
“Our new customers will have access to more waste disposal and recycling facilities, as well as our state-of-the-art new fleet of vehicles, which will provide them with value for money and further minimise their environmental impact.”
Richard Todd, managing director of Todd Waste Management, said: “I am pleased to have been able to agree this deal with Yorwaste, which is resulting in the merger of two great local businesses.
“Our staff and customers will become part of a company with an excellent reputation for providing highly efficient standards of service. I would like to thank them for the support they have given me over the years.”
Barker added: “In July, the Allerton Waste Recovery Park will begin commissioning and, from day one, in partnership with our major shareholder North Yorkshire County Council, Yorwaste will be the main supplier of waste to the site.
“The deal we have struck with Todd is significant because it means we will now be able to recycle or recover more waste from businesses in North Yorkshire and York.”
The acquisition of Todd Waste Management comes two months after Yorwaste took over the management and operation of 20 household waste recycling centres on behalf of North Yorkshire County Council.
The company will shortly open its £3m waste transfer station in York and recently invested £1.5m on 11 extra vehicles.