M Baker, which originated in Exeter as a recycling development organisation, has in recent years expanded with the construction of a recycling plant for waste electrical and electronic equipment at St Helens, Merseyside.
But, earlier this winter the company was placed into administration, prior to the sale agreed on January 28.
Pressures
Cash flow pressures are thought to have been one factor behind the need for M Baker's administration. For some companies, while the WEEE system is in place after early delays, the volumes of material passing through it and also the prices offered, as well as speed of payment by compliance schemes are all causing some concerns.
Shore Recycling describes itself as one of the UK's largest refrigeration recyclers and has expanded its services to cover Cathode Ray Tubes (CRTs) and all other categories of WEEE.
The company has invested £10m in its five-acre site in Perth, which breaks up, treats and recycles 100 tons a day of domestic and industrial waste, including 100 fridges an hour, 24-hours a day, and around 7,000 TV sets and monitors a week.
Speaking to letsrecycle.com on January 29, KPMG administrator Alex Harper confirmed: “The company was sold to Shore Recycling, the deal was agreed yesterday.” Mr Harper was unable to comment on the transaction or provide details on the value or nature of the acquisition, beyond stating that the deal meant that “Shore Recycling now owns the assets, property, plant and equipment” of M Baker Recycling.
