Founded in 1960, the family-run scrap processing business collects, processes and distributes over one million tonnes of ferrous scrap every year. It has metal recycling operations across the UK in Manchester, London, Liverpool and Southampton.
Corporate
A statement from Norton’s said the brothers’ decision comes “as the growing size of the company – 150 employees across eight sites – and ever-increasing regulatory controls has meant the need to develop more formalised corporate governance procedures.”
As such, the company has expanded its board, with four new directors joining in June 2016, and more operational functions are being delegated to existing senior managers. The new board members are Roger Morton, managing director and Graham Donohue, finance director, plus two non-executive directors, Margaret Harry and Norman Jones.
Mr Morton, who has worked in partnership with S Norton for more than 10 years as a director of Axion Polymers, will continue to run the Axion business alongside fellow Axion Polymers director Keith Freegard, with whom he founded their Manchester-based resource recovery and plastics recycling business in 2001.
Future
John Norton, chairman, commented: “These changes will help S Norton to maintain and grow its position as one of the largest and most progressive metal recyclers in Europe.
“The intention is to retain the close rapport of senior managers with the shareholders and retain the family ethos of the business, while ensuring that there is no change of control in the ownership of the company.
Commenting on his new role, Mr Morton added: “S Norton & Co is a long-established, highly-respected and successful company in its sector and the shareholders’ vision is that it remains a stable family-controlled business that recycles responsibly.
“I am looking forward to helping their experienced team with their plans to grow further while remaining profitable so they can continue to invest for the long term.”
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