Australia’s Sims Metal Management has snapped up a pair of recycling business with facilities across Yorkshire for an undisclosed amount.
With the addition of Morley Waste Traders and Lord and Midgley, the Group will now have fifty recycling facilities across the UK.
Alistair Field, Group CEO of Sims Metal Management, said: “Morley’s operations in North England fit strategically with our own current footprint and will be a valuable addition to our Europe Metals business.
“The acquisition is consistent with our strategy of disciplined growth through complementary bolt-on acquisitions in our core markets.”
Paul Wright, Europe Metals MD, added: “Our acquisition of these businesses is an excellent example of how our UK growth strategy is taking shape. Morley’s large ferrous and non-ferrous processing facilities will extend our footprint into new markets, while offering local businesses competitive solutions to their metal recycling needs.”