Mulberry Waste buys Manchester firm
Leyland-based Mulberry Waste Holdings has expanded its capacity and expertise through the acquisition of Mercury Recycling for an undisclosed sum.
Mulberry specialises in the collection, disposal and treatment of chemicals, oil, solvents, laboratory waste and other hazardous items.
The company was founded in 1993 by managing director Hassan Isaji. The group registered a turnover of £12m, employs 59 staff, operates a fleet of 30 vehicles, and owns collection sites in Manchester, Liverpool, Ormskirk, Newcastle upon Tyne and Uddingston, near Glasgow.
Mercury recycles hazardous waste including products containing mercury, such as batteries, fluorescent light tubes and gas meters. It turns over £2.5m and has 34 staff. The business will continue to operate as normal from its base in Trafford Park.
Hassan said: “Mercury is a well-known and established brand and we will look to grow the business. We have handled the same type of materials for some time but have not had the in-house expertise to dispose of them, and Mercury now gives us that capability.
“We are excited about the prospects for the business and the opportunities this deal brings to the wider group by adding to our range of services.”
We are excited about the prospects for the business and the opportunities this deal brings.
Ian Dawson and Lauren Roberts of HURST Corporate Finance advised the shareholders of privately-owned Mercury.
Ian said: “The deal represents a great outcome for all. Mercury is a great business with a reputation for providing a high-quality service. It has lots of synergies with Mulberry and should thrive under new ownership.”
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