UK waste management companies Specialist Waste Recycling Limited (SWR) and New Star Environmental (Newstar) have announced that the two companies are to merge to become SWRNewstar.
In an announcement made yesterday (5 December), the two companies - based in Alton and Buckingham respectively - revealed their merger with the intention of capitalising on a growing desire among businesses and customers to extract more value from their waste amid growing interest in recycling, environmental concerns and energy-from-waste (EfW) opportunities.
Earlier this year, the two firms founded the Waste Management Brokers Association (WMBA) and the new merger will make SWRNewstar one of the largest waste brokers in the UK with an annual turnover of £41 million.
SWR delivers outsourced waste solutions in the leisure, automotive and retail sectors and is forecast to turn over £30 million for 2017, while Newstar delivers recycling-led waste management solutions to businesses in the grocery, property management and retail markets and is forecast to turn over £11 million in 2017.
The merger will see both companies remain in their existing offices in Alton and Buckingham and will continue to provide job opportunities and growth in the Hampshire and Buckinghamshire areas.
Following the announcement, Keith Brown, Chairman of Newstar, said: “The joining of two of the largest brokers in the UK waste market, gives us unrivalled expertise in the Property Management, Grocery, Retail, Leisure and Automotive sectors of the market. This will allow the new organisation, SWRNewstar, to deliver further growth from these sectors, offering existing and potential clients a truly first class waste management solution and unparalleled service, delivered by the existing senior management team of both organisations.”
Andy Butler, CEO of SWR, added: “We could see there was a huge amount of synergy between SWR and Newstar and following the successful launch of the WMBA we knew there would be a lot of portfolio gain from working together strategically. SWR and Newstar already have some impressive clients in the waste management space, and as a joint venture I am confident that we can only elevate this further. We are very excited about the future and look forward to getting started on the merging of the two companies.”
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