Beauparc to acquire Mid-UK Recycling

The Beauparc Utility Group, an Ireland-based company involved in waste management, recycling and energy recovery, has announced that it acquired Caythorpe, England-based Mid-UK Recycling.  

Toby Underwood and Mike Denny of PricewaterhouseCoopers LLP were appointed joint administrators of Mid-UK Recycling Ltd. on June 12. Immediately following the appointment of the joint administrators, the business and assets of the Mid-UK Recycling were sold to New Earth Solutions (West) Ltd., a subsidiary Beauparc.

Mid-UK Recycling recycles a combination of agricultural, commercial and industrial waste, green waste, paper and cardboard, plasterboard and wood waste, Beauparc reports in a news release announcing the acquisition. The business also provides renewable fuels, skip hire and waste collections alongside its transport collection fleet. With its head office and key materials recycling facility (MRF) based in Caythorpe, Lincolnshire, the business operates from five other sites in Lincolnshire, England.

Mid-UK Recycling was founded as a family business in December 1997 and has grown to a £37 million turnover business employing more than 420 employees.

“We are delighted to have secured a future for the business and employees of Mid-UK,” says Mike Denny, restructuring director of PricewaterhouseCoopers LLP. “The past nine months was a difficult trading period for the business and a combination of the impact of a major fire at the Barkston site, associated losses and tightening credit led to a shortage of working capital.

“It is pleasing to complete the transaction and preserve the employment of over 420 staff in an area where there are very few substantial employers is particularly pleasing,” he continues.

Chris Mountain, managing director of Mid-UK Recycling, adds that since the fire in September 2018, it has been a challenging period for Mid-UK Recycling’s employees and customers. “However, this sale provides the opportunity for Beauparc to take the business forward and onto the next phase of its growth and development,” Mountain says.

“The acquisition of the business of Mid-UK Recycling further expands and consolidates Beauparc’s footprint in the U.K. and will add significant synergies and be complementary to our recent acquisitions in Leeds late 2018,” says Brian McCabe, managing director at Beauparc Group. “Beauparc intends to use the services of well-established and significant experience and expertise within Mid-UK Recycling and further grow the business.”