Sims Group UK has recently acquired Wincanton’s recycling business in a closing deal worth £17.5m.
The recycling business, which is made up of two electronics recycling facilities in Daventry and Billingham as well as sortation centres at Widnes and Harlow, employs around 145 employees. All of these workers will transfer along with the acquisition under TUPE.
Sims is an arm of the larger New York-based firm Sims Metal Management and has lead the industry in electronic and electrical equipment recycling, recovery and reuse. Since 31 March of this year, the recycling company has managed to bring in a profit of nearly £18.3m.
The deal is just one of many that have been sweeping the country as global recycling initiatives become even more prevalent. With the world’s eyes awaiting the outcome of the global climate change summit scheduled for Cancun in December, countries have been mobilising in the recycling, energy and waste management sectors to curb carbon emissions and reduce their carbon footprints.
Last year’s climate change talks in Copehagen were widely criticised for a lack of direction by environmental groups. Several countries have committed to nationalised emissions reductions plans, but many environment activists and world leaders have stressed the need for a global initiative.
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