Slicker Recycling claims to be the UK’s largest collector and processor of used waste lubricating oil, while AVOS, previously owned by Avista Oil AG, operates a national oil collection business from its West Midlands treatment centre.
Slicker Recycling described the move as a “strategic acquisition” which will bring additional infrastructure, expertise and resources to provide an “even better” customer experience from the enlarged organisation.
Commenting on the move, Mark Olpin managing director of Slicker Recycling, said: “This acquisition adds to our UK storage capacity, geographic presence and collection options to recycle and manage waste oil, plus a wider customer base that we can introduce our additional services to. We are extremely excited with the opportunities this provides by combining our assets, knowledge and expertise.”
Avista Oil
Wolverhampton-based AVOS has been operating for more than 60 years and offers a range of oil collection services.
The company’s chief executive, Marc Verfürth, said the deal “secures and sustains” the company’s existing UK feedstock volumes.
Mr Verfürth commented: “This deal is consistent with our vertical integration strategy, while partnering with Slicker Recycling who are well placed to ensure the continued success of the AVISTA OIL business. We look forward to exploring further opportunities with Slicker to expand our respective market leading positions.”
The move continues Slicker Recycling’s expansion since the founder of online betting service Betfair purchased waste oil recycling business Hydrodec UK/OSS Group in November 2016, and rebranded as Slicker Recycling.
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)
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