Business Growth Fund, (BGF), a private equity firm based in the United Kingdom, has invested £7.5 million (US$11.745 million) in Hartlepool, U.K.-based J&B Recycling. Operating from two recycling facilities in Hartlepool and a waste transfer station in Middlesbrough, J&B Recycling provides waste collection, recovery and recycling services throughout part of the U.K. North East.
On opting to invest in J&B Recycling, BGF notes that the recycling company operates in a market sector that is expected to grow, with current EU and U.K. government policy striving to significantly increase recycling and recovery efforts.
The company was founded in 2000 by Vikki Jackson-Smith, who established the recycling business to diversify from the solid fuels business that her father had originally established in the 1970s.
BGF’s growth capital will enable the company to develop an additional recycling facility in Middlesbrough for treating commercial waste, as well supporting further expansion at existing facilities where household waste is treated.
Following the investment, non-executive director Ross Smith has been named non-executive chairman of J&B Recycling.
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