Oil recycling company Slicker Recycling has announced that it has acquired its Kent-based competitor J Vant Limited, which includes the purchase of the Kingsnorth hazardous waste transfer station.
Slicker Recycling claims to be the UK’s largest collector of waste lubricating oil and provider of waste management services to the automotive sector.
J Vant was first established in 1946 and provides waste oil and hazardous waste collections in the Kent and Sussex area. Slicker Recycling says the acquisition “will compliment” its business model in the Kent area.
According to Slicker Recycling, which is based in Stourport-on-Severn, Worcestershire, the integration of the two businesses “will bring additional expertise, bespoke services and resources to provide an even better customer experience”.
The acquisition of the Kingsnorth hazardous waste transfer station near Ashford in Kent, which J Vant previously owned, will also boost Slicker’s offering in the area, the company said.
Commenting on the announcement, Mark Olpin managing director of Slicker Recycling said: “This is Slicker’s 2nd acquisition in 12 months demonstrating the growth ambitions of the business.”
Mr Olpin added: “J Vant is an excellent company with an amazing local reputation who will secure Slicker’s geographic presence in the south-east region of the UK. We are very delighted with the opportunities this will present to us, securing market share, feedstock and combining our expertise for further strategic growth.”
The acquisition comes soon after Slicker Recycling acquired Wolverhampton based Avista Oil Services (AVOS) for an undisclosed fee in April 2018 (see letsrecycle.com story).
This continued Slicker Recycling’s expansion since the founder of online betting service Betfair, Andrew Black, purchased waste oil recycling business Hydrodec UK/OSS Group in November 2016, and rebranded as Slicker Recycling (see letsrecycle.com story).
Based in London, Hydrodec UK was formerly a subsidiary of Hydrodec Group, which re-refines used and contaminated waste oil to produce and sell ‘sustainable’ oils in the US and Australia.
Following its establishment, Slicker announced a period of expansion with the acquisition of industrial cleaning company John Rome from Avanti Group (see letsrecycle.com story).