RE:Group (UK) Ltd has been acquired by Slicker Recycling Ltd, one of the UK’s leading hazardous waste management companies.
Slicker Recycling is the UK’s largest collector and processor of used waste lubricating oil and provides total waste management solutions to an extensive customer base. Last year, it co-invested in a 100,000 tonne per annum base oil re-refinery situated in Denmark through its parent company Greenbottle Limited.
RE:Group, which employs around 50 staff at its base in Hull, provides waste oil collection and processing, industrial services and advanced fuel manufacturing. Managing director Paul Waine, who started the company in 1996, said: “Slicker Recycling has in recent years invested significantly more in this sector than anyone else, so the chance to integrate RE:Group and play a part in the continued growth story is a fantastic opportunity.”
Mr Waine is to remain with the business and has joined the board of Greenbottle.
Mark Olpin, managing director of Slicker Recycling, said: “The acquisition of RE:Group is an excellent strategic fit, increasing our UK storage capacity, geographic reach, additional export options, innovative process capabilities and new products and services to offer our customers.
“RE:Group is a solid well-run business and we are extremely excited by the opportunities this acquisition provides.”
He said that the it was the fourth acquisition in as many years for Slicker Recycling.
“Together with the investment in the Danish re-refinery, it shows both the level of support and ambition the shareholders have for the business.”
RE:Group has its head office and a processing facility at Air Street and Bankside in Hull with additional tank storage at Ann Watson Street. Slicker Recycling Ltd has head offices and a processing plant at Stourport in Worcester with nationwide transfer stations from Exeter to Kilmarnock.