Timberpak Ltd has made a significant investment in Pearce Recycling Company Ltd, which is one of the biggest names in wood and waste recycling in the UK.
This investment secures the relationship between the two companies and follows a successful partnership that began with the launch of Timberpak Pearce Ltd in 2016.
On 1st November, Timberpak Ltd acquired a 50% share in the holding of Pearce Recycling Company Ltd, increasing the amount of recycled wood processed at the site by up to 100,000 tonnes per year. Additionally, this will expand Timberpak Ltd’s recycling portfolio to include the processing of paper, cardboard, plastic, glass, and metal.
Pearce Recycling Company Ltd operates from St Albans and services public and private sector customers with recycling requirements in the South East of England. It already complements Timberpak Ltd’s existing locations in the North East, Yorkshire and Scotland, and the increased capacity will allow the company to support its customers further.
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 normally.
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.
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 further to 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 allowing us to broaden our portfolio of waste types, particularly 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 L-R) Mark Hayton, Timberpak Ltd, Simon Pearce, Pearce Recycling Company Ltd