Pierce advises on disposal of waste management business

CF Social.jpg.jpg

Blackburn-based Pierce Corporate Finance has advised Recydia, a subsidiary of Italian Conglomerate Cementir NV, on the disposal of Neales Waste Management (NWM) Holdings. NWM is a waste management business with interests in landfill, materials recovery facility (MRF) and hazardous waste operations.

NWM is located in the North West of England and was established in 1991 as a skip collection business before being acquired by Recydia in 2012 as part of a strategy to secure high-quality Solid Recovered Fuel (SRF) for its international cement manufacturing operation. The business now provides a comprehensive range of waste and recycling services to the hazardous waste sectors including power stations, hospitals, and manufacturing sites.

Following recent changes to international waste regulation, Recydia made the decision to fully exit the UK waste market so it could focus on its international operations. Appointing Pierce Corporate Finance and led by corporate finance director, Steve Bell, the team identified the key acquirers within the UK and international waste sector. Following a competitive sales process, Opes MRF 2013 was selected as the preferred bidder.

Established in 2013, Opes Industries is a clean technology and waste management business and in 2014, whilst developing a Materials Recycling Facility (MRF) at an existing landfill site, secured substantial investment to fund further organic and acquisitive growth. Further investment in its MRF allows Opes to direct further volumes of waste away from landfill.

Corporate finance director, Steve Bell said “It was clear from our initial discussions with Recydia that there was a clear desire to exit its UK operations in a practical manner. Having spoken to a number of potential acquirers it was clear that the team at Opes had the operational and financial ability to acquire NWM and invest in the long-term success of the business”.

Ian Ledson, chief executive of Opes, said: “The Neales Waste Management Group is a highly regarded supplier of multi-disciplinary waste services to industry. Combining a hazardous waste business, materials recovery facility and landfill, the East Lancashire location is a strategic acquisition for the Opes Group and allows us to continue our geographical expansion.

"As we look to provide a country-wide service, the acquisition of Neales allows us to offer a complete waste service to our client base, balancing what waste can safely be recycled and what ultimately has to be safely sent to landfill. We established a relationship with the team at Pierce who facilitated the transaction on behalf of the International owners, ensuring that the transaction completed successfully.”.

The corporate team at Trowers & Hamlins LLP, led by Paul Ellaby and Max Ankers provided legal advice to Opes. Legal advice for NWM was undertaken by in-house counsel.

Enjoyed this? Read more from Pierce CA Ltd

Latest news

1

Breck to start £15m Blackpool affordable homes and retail development Cropper Road, Blackpool

Breck to start £15m Blackpool affordable homes and retail development

14 Oct 2025

2

New help for Blackpool businesses to access growth money John Fallon speaking at the meeting

New help for Blackpool businesses to access growth money

14 Oct 2025

3

Fuuse raises further £6m as it heads to profitability COO Nik Southworth, CEO Michael Gibson, CFO Sonia Davies.

Fuuse raises further £6m as it heads to profitability

13 Oct 2025

4

Preferred developer named for strategic site Barnfield named as preferred developer for site

Preferred developer named for strategic site

13 Oct 2025

5

Warden completes hospital improvement work Warden Hospital

Warden completes hospital improvement work

13 Oct 2025

Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

Help to grow management course
Help to grow - barriers to growth.png.png
LBV Hub Seminars
26 Sep 2025 - 16 Dec 2025

Help to grow management course

Preston Campus , Preston , PR1 2HE

09:00 - 15:00

Unlocking major project opportunities in the North West
Lancs-cham-logo.jpg.jpg
LBV Hub Seminars
15 Oct 2025 - 15 Oct 2025

Unlocking major project opportunities in the North West

Strathmore Hotel, Morecambe, LA4 5AP

08:00 - 10:00

The New Employee Rights Landscape: Day One Compliance Essentials
EventBrite NORi - 15th Oct 2025 Webinar.png.png
LBV Hub Webinar
15 Oct 2025 - 15 Oct 2025

The New Employee Rights Landscape: Day One Compliance Essentials

Microsoft Teams, Microsoft Teams, PR253XH

13:30 - 15:00

October Freelancer Meet-Up
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

October Freelancer Meet-Up

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

The Autumn Re set - pour me a wine
LBV Advert_Autumn Reset 1200 x 630px.png.png
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

The Autumn Re set - pour me a wine

The Artistry House , Preston , PR1 3JJ

17:30 - 19:30

The Business Network Central & East Lancashire
LBV Header (26).png.png
LBV Hub Networking
16 Oct 2025 - 16 Oct 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

RISE - Lancashire's unique leadership programme for women
thumbnail_Emma Weston Illustration WENDY BOWERS RISE Illustrstion.jpg.jpg
LBV Hub Seminars
22 Oct 2025 - 18 Mar 2026

RISE - Lancashire's unique leadership programme for women

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:30 - 15:30

Women scaling up Blackpool Fylde and Wyre
LBV Hub Seminars
22 Oct 2025 - 09 Jan 2026

Women scaling up Blackpool Fylde and Wyre

The Small Business Academy, Blackpool, FY4 5JX

09:30 - 15:30

HR Essentials for pubs, bars and licensed venues
EventBrite NORi - 22nd Oct Webinar.png.png
LBV Hub Webinar
22 Oct 2025 - 22 Oct 2025

HR Essentials for pubs, bars and licensed venues

Online - Teams, Leyland, PR253XH

13:30 - 15:00

Chamber Business Lunch – October
LBV Hub Networking
24 Oct 2025 - 24 Sep 2025

Chamber Business Lunch – October

Lancaster Golf Club, Lancaster, LA2 0AJ

11:00 - 13:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV124 Online Graphic
Subscribe now

Weekly news bulletin