The deal was finalised on Wednesday, 1 November, and sees Timberpak broaden its recycling portfolio to include the processing of paper, cardboard, plastic, glass, and metal.
Pearce Recycling Company Ltd specialises in office waste collections and operates from three sites in the home counties, with its primary location in St Albans. They provide recycling services to both public and private sector customers in the South East of England.
Timberpak Ltd is the primary supplier of recycled wood to Egger UK, one of the UK’s most prominent users of recycled wood, specifically in the wood panel industry. Egger utilises this recycled material in the production of chipboard products that are widely employed in various industries, including furniture, interior design, and housebuilding.
The “significant investment” follows a long-standing relationship between the two companies,
which included the launch of Timberpak Pearce Ltd in 2016.
‘Collaboration’
Mark Hayton, director of Timberpak, said, “I am very excited for future growth and collaboration with the Pearce Recycling team. Having a presence in the South East is vital for Timberpak Ltd to further develop its recycled wood strategy in the UK, and our new partnership is a key milestone.
“The partnership will help Timberpak Ltd capture even more wood directly from source, providing recycling opportunities for local businesses and authorities, as well as giving us the opportunity to broaden our portfolio of waste types, in particular our understanding of the markets for dry recyclables.”
As well as the move into new markets, this acquisition aims to drive a “substantial increase” in the processing of recycled wood, potentially boosting capacity by up to 100,000 tonnes per year.
Future
Simon Pearce, chairman of Pearce Recycling Company, added: “This new investment signifies a bright and sustainable future for both of our companies. We are committed to expanding our horizons and making a profound impact in the recycling industry, while serving our public and private sector customers in the South East of England.”
Expansion
This acquisition comes at a time of expansion and growth for the company. In the summer the company announced it had opened its new site in Leeds on 18 August, following a “multi-million pound investment” into the six acre site (see letsrecycle.com story).
The 300,000 tonnes per year capacity site was opened by local MP for Leeds Central, Hilary Benn. Timberpak is able to increase capacity by 50% as the demand for recycled wood rises.
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