Albion Distillation Services (ADS), a chemical distillation and solvent recovery company based in Garston, has been purchased by Veolia Environmental Services. The acquisition will permit Veolia to provide “a wider range of solvent recovery options to its clients”. ADS was previously a division of Albion Chemicals, a chemical distributor which is subsidiary of Brenntag, a global firm. In December 2006, Albion Distillation reported a profit of £282,000 on a turnover of £2.9m.
Albion Distillation currently employs 23 people and provides various services including toll recycling services. Toll recycling is the process of purifying waste solvents and then returning them to the customer, such as pharmaceutical and agrochemical companies. The recovered are then able to be distributed back out onto the market.
Jean-Dominique Mallet, chief executive of Veolia Environmental Services, said: “The acquisition of ADS represents an excellent fit with our business and will allow us to expand our industrial market share. The move will broaden our offering to existing and potential customers in the industrial sector which represents an important part of our future development.”
The acquisition will allow Veolia to expand its existing solvent recovery activities throughout the UK. It also and complements the company’s industrial waste management services.
Jean-Dominique Mallet, chief executive of Veolia Environmental Services said: “The acquisition of Albion Distillation represents an excellent fit with our business and will allow us to expand our industrial market share.
“The move will broaden our offering to existing and potential customers.”
For more information, visit: albionchemicals.co.uk, veoliaenvironnement.com
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