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A Wiltshire-headquartered recycling business has snapped up a Somerset-based counterpart which counts Coca Cola, Argos and Marks & Spencer among its clients.
Moore (Holdings) Ltd, owner of Moore’s Recycling Ltd, has been sold to NG Holdings Ltd, owner of Grist Environmental.
Moore’s Recycling, based in Frome, collects and recycles waste plastic, packaging and cardboard from large and small companies across a range of industry sectors.
It has built up a nationwide client base which includes brands such as DHL, Coca Cola, Bernard Matthews, Argos and Marks and Spencer. Staff will continue to work for the new owner following the deal.
Grist Environmental, based in Devizes, provides waste management and automotive services across Wiltshire and the South West, including selling damaged but repairable cars to bodywork restoration and scrapping.
Thrings commercial partner Alex Pyatt and associate solicitor Sarah Ellis advised Moore (Holdings) on the structure of the deal. The financial aspects were managed by Matthew Lee, managing partner of Bishop Fleming Accountants in Bristol.
Jason Moore, managing director of Moore (Holdings) who took over the business from his father Peter Moore in 1996, said: “I am confident that Moore’s Recycling will be in the best position to grow and develop in the hands of its new owners.
“Handovers are rarely straight forward, but Thrings did a great job, acting proactively throughout and managing the acquisition expertly and smoothly, with an outcome we are all pleased with.
“I would like to thank the staff at Moore’s Recycling for their dedication over the years, without which we could not have built on the success of the company in the way that we did.”
Sarah Ellis, who is based at Thrings’ Bath office in Queen Square, added: “The global context of the rising and falling cost of materials keeps pushing the refuse and recycling sectors to think differently about how they develop.
“Moore’s Recycling showed leadership by pushing forward innovative approaches to refuse management, for example, its decision to run both recycling and pipe manufacturing operations in close proximity.”