5th December 2017
Specialist Waste Recycling Limited and New Star Environmental join forces to become one of the largest waste brokers in the UK
Specialist Waste Recycling Limited (SWR) and New Star Environmental (Newstar) today announce the merger of both companies to become SWRNewstar.
The merger comes at a time when businesses are increasingly looking to exploit more value from their waste, where recycling management, environmental challenge and initiatives within Energy from Waste, are becoming important to not only the businesses themselves but also to the end consumer.
Leading Scottish entrepreneur and Chairman of the merged company SWRNewstar, Angus MacDonald, commented “SWRNewstar is an exciting merger of two similar companies that provide an appealing, alternative offering to the mega wheels based waste companies.”
SWR and Newstar are both major players in this space, with the founders of Newstar creating a more innovative approach to the waste management market back in 2001 whilst being the only waste broker to manage and encourage behavioural change through complete integration with their customers’ internal teams.
Keith Brown, Chairman, Newstar, commented on the merger, “The joining of two of the largest brokers in the UK Waste market, gives us unrivalled expertise in the Property Management, Grocery, Retail, Leisure and Automotive sectors of the market. This will allow the new organisation, SWRNewstar, to deliver further growth from these sectors, offering existing and potential clients a truly first class waste management solution and unparalleled service, delivered by the existing senior management team of both organisations”
Both parties also founded the Waste Management Broker Association (WMBA) earlier this year, making them ideal candidates for a merger of this nature. The merger will make SWRNewstar one of the largest waste brokers in the UK, with an annual turnover of £41 million.
Andy Butler, CEO, SWR, shared these views, “We could see there was a huge amount of synergy between SWR and Newstar and following the successful launch of the WMBA we knew there would be a lot of portfolio gain from working together strategically. SWR and Newstar already have some impressive clients in the waste management space, and as a joint venture I am confident that we can only elevate this further. We are very excited about the future and look forward to getting started on the merging of the two companies.”
Both companies will remain in their existing offices with the merger allowing for employment opportunity and growth for existing employees in both the Buckinghamshire and Hampshire areas.
SWR delivers outsourced waste solutions with three key objectives; to deliver excellent service, maximise recycling and provide cost rationalisation for customers. Operating nationally, with a local service, the Alton based business boasts some 70 staff and completing over 50,000 scheduled collections across 5,000 customer locations. Predominately working in the Leisure, Automotive and Retail sectors, the business has seen significant growth over the past 10 years with a planned performance in December 2017 of £30M in revenue.
New Star Environmental Ltd, known as newstar is an outsourced waste management business, focused on delivering value to a select number of corporate customers through four key pillars of Game.Changed, Lid.Lifted, Costs.Out and People.Value. The Buckingham based business operates nationally to deliver recycling-led solutions predominately in the Grocery, Property Management and Retail markets. newstar has seen significant growth through its six years and boasts a turnover of £11M as of December 2017.