EMR sells Metal and Waste Recycling assets to Recycling Lives

European Metals Recycling (EMR), one of the largest scrap metal companies in Europe, has sold part of Metal and Waste Recycling (M&W), which EMR originally acquired in 2017, to comply with an order by the U.K.’s Competitions and Markets Authority (CMA).

Under the agreement , EMR will sell the M&W scrap facilities, with the exception of those in Edmonton and Neasden, U.K., which it refers to as the "London sites*," to Recycling Lives Ltd., based in Preston, U.K. 

The deal is expected to be complete by May 30. On closing, the M&W business based at the London sites will transfer to EMR.

EMR’s decision to sell a portion of its M&W assets to Recycling Lives follows the CMA’s ruling that EMR’s acquisition of the company represented a substantial lessening of competition, requiring EMR to sell some of the assets.

Regarding the sale, EMR says, “We believe that M&W will continue to thrive under the ownership of Recycling Lives and provide a secure future for M&W’s employees. We thank the M&W employees for their patience and understanding through the divestment process and on closing we will be delighted to welcome to the EMR Group those M&W employees based at the London sites.”