Enva Acquires GP
23 Jul 2018 |
Enva, a leading provider of end-to-end waste management solutions in the UK and Ireland, today announces that it has acquired GP Green Recycling Limited for an undisclosed sum.
GP Green Recycling, based in Blantyre, South Lanarkshire, is one of Scotland’s largest recoverers of organic wastes, recycling organic waste materials into a soil conditioner and high-grade compost certified to British Standard PAS 100.
This latest acquisition will be integrated into Enva’s Scottish Industrial and Utilities division, which is led by Graeme McDonald, Managing Director. The founder of GP Green Recycling Mr Jim Gilchrist will retire following the sale.
Commenting on the acquisition, Tom Walsh, CEO of Enva, said: “We are delighted to invest in GP Green Recycling and look forward to working with its experienced team. Through innovation and process developments, GP Green Recycling produce a high quality organic compost and soil conditioner with a wide and diverse range of applications. This approach of taking a waste material and transforming it back to a valuable product is at the heart of what Enva do. We are excited about the opportunity to support and accelerate the further development of GP Green Recycling solutions.”
Niall Wall, Executive Chairman, commented: “Adding businesses with specialist expertise has been a central part of our growth strategy, and we aim to continue investing in companies focused on the recovery and recycling of valuable raw materials as we build our platform in the UK and Ireland.”
Also commenting, Jim Gilchrist, Founder of GP Green Recycling said: “This is a very exciting time for GP Green Recycling, customers and staff. A lot has been achieved during my tenure and I am confident that Enva can further develop the business, serve our customers well and provide opportunities for our employees.”
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A leading provider of waste management and waste materials solutions in the United Kingdom and in Ireland. The business employs over 1,100 people in recovering a broad range of hazardous and non-hazardous waste materials for re-use in manufacturing and for energy conversion. The company is majority owned by Exponent Private Equity with Niall Wall Executive Chairman and The Management Team owning a significant stake. Enva was acquired from DCC Plc in a transaction worth in excess of £200M in June 2017. Enva currently operates under several brands across the UK and Ireland, including William Tracey Group in Scotland, all businesses are in the process of being rebranded to trade solely under ‘Enva’.
About GP Green Recycling Limited
Based in Blantyre, on the rejuvenated site of an old open cast mine, GP Green Recycling is located within easy access of 9 local authorities in West and Central Scotland, minimising transportation and further lessening the impact on the environment.
The business operates in a niche segment of the environmental marketplace, serving local authorities and landscaping contractors providing circular economy solutions.
The final product is a high-quality organic compost which has a wide and diverse range of applications including golf courses, gardening projects, landscaping works, large land remediation, mine restoration where land is restored to its previous state and tree planting.