In an attempt to further strengthen its hold in the region, Sims UK has purchased Halesowen-based Evans and Mondon Ltd., another West Midlands based ferrous metal recycling plant. Evans and Mondon Ltd. has been in operation since 1947 and currently employs a staff of 16 people. The facility recycles approximately 30,000 tonnes of metal per year.
Sims UK, a subsidiary of global metal recycling giant Sims Group, acquired Evans and Mondon Ltd. A mere seven months after it purchased scrap metal merchant, ER Coley (Steel) Ltd. The cost of the acquisition of Evans and Mondon Ltd. has not been released due to confidentiality issues.
Reports confirm that Sims intends to consolidate the two businesses, which are located on the same industrial site.
Sims UK Managing Director Tom Bird said: “The West Midlands region is an area of the country where Sims Group is keen to strengthen its foothold. Late last year we acquired ER Coley (Steel) Ltd and the proximity of Evans and Mondon to this site allows for an easy consolidation of the two businesses with a combined total of 100,000 tonnes of metal per annum.
“These two businesses offer the perfect platform for Sims to continue its expansion into the Industrial Heartland of the UK,” he added.
The Sims Group currently operates 200 sites globally. A 70% share of the company’s earnings - $ 8.5 billion (£4.11 billion) - is generated from international operations in Europe, the UK, North America, Asia, and New Zealand.
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