Recycle It Global (RIG) has acquired Park-an-Chy Waste Transfer Station as part of its growth strategy to drive advancements in waste technology.
RIG is an engineering company specialising in processing technical waste generated from construction and demolition sites. Using innovative technology, RIG offers cost-effective engineering solutions that create sustainable construction aggregates such as single sizes and sands.
The acquisition is a strategic move towards continued growth in the south of England for RIG. In partnership with Cornwall College, the company aims to expand its client base across Devon and Cornwall, creating new job opportunities and advancing waste management and plant training. Park-an-Chy, located on the outskirts of Scorrier in Cornwall, will be a valuable addition to RIG’s operations.
Paul Nicholls, Chief Executive Officer at Recycle It Global, commented: “Acquiring Park-an-Chy Waste Transfer Station allows us to scale our pioneering work by diverting waste from landfills and creating a circular economy solution to the UK’s mineral requirements. As part of our growth, we’re looking to develop a cutting-edge research and development waste processing depot to advance bioremediation techniques of complex waste streams to expand our positive impact for a circular waste economy.
I want to congratulate the Douce family for 35 years plus of successful business and wish them all the luck in their future endeavours. We received terrific support from Hill Dickinson and Bishop Fleming, who helped us navigate and negotiate the acquisition. We appreciate their continued support in managing a smooth process throughout and delivering a successful transaction.”
James Redshaw, Senior Associate at Hill Dickinson, who led on the provision of legal advice to RIG, added: “We were pleased to work alongside chief executive Paul Nicholls and the Recycle It Global team to guide them successfully through the company’s first acquisition. Advising a young and ambitious business like Recycle It Global, already making a name for itself in applying engineering innovation to drive sustainability and help protect the environment, is both interesting and rewarding. We wish the team every success at this next stage in the company’s growth.”
Hill Dickinson and Bishop Fleming supported the buyers in the deal, whilst Wilde Law supported the sellers.
Picture caption: Recycle It Global team at the Park-an-Chy Waste Transfer Station. (L-R) Oscar Milverton Gatta, Ross Facey, Andrew Stevens, Julian Chenoweth, Paul Nicholls