London-based TGM Recycling has expanded its presence in plastics recycling with the acquisition of Plastics Plus Recycling Group (PPRG), including its operating company Polymer Industries.
TGM Recycling chairman Graeme Coombs said the deal “supports and cements our diversification into clean plastics recycling and manufacturing”.
Polymer Industries will maintain its headquarters at Wrangaton near Ivybridge in Devon where it will expand its processing and manufacturing capacity.
TGM Recycling is a holding company that owns TGM Environmental, The Waste Paper Company, Surrey Waste Recycling and Europlastix Recycling.
Its background has been in the paper recycling industry but in 2015 it moved into plastics with the creation of Europlastix. TGM is based in Charlton, London and it has depots in Charlton, Woolwich and Guildford.
Founders of both PPRG and Polymer Industries, Jason Goozée and John Gibbins will remain with the business as managing director and business development director respectively.
Goozée said: “I am delighted that Polymer Industries has now become part of the TGM Recycling Group. It not only strengthens our combined management team, but gives us greater support and confidence to drive the business forward and to further expand our polymer reprocessing and manufacturing capabilities.”
The photo shows, from left, Goozée, Coombs and Gibbins.