The purchase brings with it Clancey’s 3.9 acre scrap metal site in York and is seen by Ward as “further enhancing” its nationwide capabilities, by offering greater coverage in the north of England.
Investment in the new site at York complements Ward’s existing metal processing and recycling facilities across the Midlands, Teeside, Lincolnshire and London.
Ward explained that the deal also enables succession planning at Clancey’s, as two of its partners take retirement.
In a statement, Ward said: “Clancey’s has a well-established reputation developed over its 160-year history and this successful operating model will be maintained, as will the business name.
“One of the sellers, Richard Clancey, a member of the founding family, will stay on as site operations manager, employed by Ward, and all other staff are being retained.”
Thomas Ward, commercial director at Ward, said: “This is a really exciting time for both our family businesses. Clancey’s have a solid reputation in metal recycling, they share our values, outlook and approach to customers. We hope they will become an extension of the Ward team operationally, while retaining its own identity.”
Clancey’s have a solid reputation in metal recycling, they share our values
Mr Ward added: “This new site gives us even more geographical reach for both businesses with good transport links to our Midlands, Immingham and Redcar sites.”
Richard Clancey, partner at L. Clancey & Sons, said: “Both our businesses are strongly family orientated and we have very similar values, from the way we look after our teams to the way we support our customers.
“This will be a really positive step for us all. Both myself and my daughter are looking forward to working with Ward and seeing what we can achieve together.”
Ward, which also operates in the waste management sector, was supported with legal advice from Square One Law (led by Charlie Fielding) and financial due diligence was provided by PKF Smith Cooper (led by David Nelson). Azets (led by Stephen Garbett) and Harrowells (led by Matthew Rowley) acted on behalf of L. Clancey & Sons.