Timberpak Ltd has acquired a 50% share in the holding of St Albans based recycling firm, Pearce Recycling Company Ltd.
The significant investment this week (Wednesday, November 1) follows a long-standing relationship between the two businesses, which included the successful launch of the joint venture, Timberpak Pearce Ltd, in 2016.
The acquisition will lead to an increase in the amount of recycled wood processed at Pearce Recycling Company’s St Albans site by up to 100,000 tonnes per year. It will also broaden Timberpak Ltd’s recycling portfolio to include the processing of paper, cardboard, plastic, glass, and metal.
From its St Albans base, Pearce Recycling Company Ltd services public and private sector customers with their recycling requirements in the South East of England and operates a 150,000 tonne-per-annum materials recycling facility.
It already works closely with Timberpak to complement Timberpak Ltd’s existing locations in the North East, Yorkshire and Scotland, and the increased capacity will allow the company to further support its customers.
Pearce Recycling Group Ltd, which focuses on fibre recycling and animal bedding production, based in Luton and Milton Keynes, is not part of the investment and will continue to operate as normal.
Timberpak Ltd supplies the recycled wood it sources to EGGER (UK) Ltd, the largest user of recycled wood in the UK wood panel industry. EGGER (UK) Ltd uses this material to make chipboard products which are widely used in the furniture, interior design, and housebuilding industries.
Just like Timberpak Ltd, Pearce Recycling Company Ltd is a family-owned company, committed to making the most of recyclable material and championing sustainable processing that benefits the environment.
Mark Hayton, Director of Timberpak Ltd, 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.”
Simon Pearce, Chairman of Pearce Recycling Company Ltd, said, “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.”
“We look forward to an exciting and prosperous journey ahead, capturing even more recyclable materials directly from source, broadening our portfolio, and championing sustainability in the recycling industry.”
Pictured above: L-R Mark Hayton of Timberpak Ltd with Simon Pearce of Pearce Recycling Company Ltd