Subject to the normal customary closing conditions, the acquisition is scheduled to complete on May 30. At this point, Recycling Lives Ltd will acquire all its sites and operations with the exception of two sites in Edmonton and Neasden.
Metal & Waste Recycling Ltd (M&W) is a national recycling business with sites nationwide. Like Recycling Lives it recycles all ferrous and non-ferrous metals with a reputation for good service for its loyal customers.
The acquisition comes following an intervention by the Competition & Markets Authority (CMA) when M&W was first acquired by European Metal Recycling Ltd (EMR) in 2017. This found that M&W’s acquisition by EMR represented a “substantial lessening of competition” and required the business was put up for sale.
In the article on the EMR site it reads: “We believe that M&W will continue to thrive under the ownership of Recycling Lives and provide a secure future for M&W’s employees. We thank the M&W employees for their patience and understanding through the divestment process and on closing we will be delighted to welcome to the EMR Group those M&W employees based at the London Sites.”