Michelmores advises Ubraser on the acquisition of J&B Recycling
Michelmores is pleased to announce that it has advised Urbaser Limited on the acquisition of J&B Recycling, a waste management company operating in the North East of England. The acquisition of J&B Recycling provides Urbaser with a network of four materials recycling and processing facilities, managing over 180,000 tonnes per annum. Forecasted revenue for the year ended 31 March 2021 was approximately £20 million.
Commenting on the acquisition, lead corporate Partner Alexandra said:
"Urbaser Ltd is a longstanding client of the firm and this is our second acquisition for them in recent months. Our experience in the environmental and waste management sector and specialist projects and infrastructure expertise provides us with in-depth market knowledge to advise clients in this space on all aspects of their business."
Javier Peiro, Managing Director of Urbaser Ltd, said:
“The acquisition of such an experienced and well-established operation within the North East represents a significant step in our ambition for growth within the UK marketplace. We are excited to welcome nearly 200 new employees to the Urbaser Ltd family. We look forward to building on the success of J&B Recycling within the region and continuing to deliver exemplary levels of service to the significant network of local authority and commercial and industrial customers. We have a strong history in the collection and processing of recyclable and municipal waste across the UK and internationally, and we are very pleased to be building on our existing presence in the North of England.”