Car recycler Recycling Lives takes over John R. Adam and Sons

Recycling Lives, which claims to be the UK’s largest processor of end-of-life automobiles, has accomplished its acquisition of John R. Adam and Sons in Glasgow.

The acquisition takes Recycling Lives’ car dismantling and recycling enterprise to greater than £300 million turnover yearly and will increase its worker depend to greater than 550 employees

The variety of areas that Recycling Lives operates throughout the UK will increase to 23 following the takeover.

Andrew Hodgson, government chairman of Recycling Lives, which signed a contract with Renault final yr to grow to be the primary recycler to function battery electrical skip transporter vehicles, mentioned: “John R. Adam and Sons is a implausible household enterprise that has a proud heritage stretching again over 130 years and is the proper strategic match for us as we glance to enhance our community of services and improve our capability and capabilities.

“I’d notably prefer to thank Jake and John Adam, in addition to Peel Ports for his or her persistence and assist all through the method.”

Under the End of Live Vehicle Directive, all car manufacturers must ensure there is a free take-back service for vehicles which reach the end of their serviceable life, and since 2015 the automotive industry must ensure that 95% of a vehicle’s materials is re-used, recycled or recovered.

John R. Adam and Sons is a recycler and exporter of ferrous and non-ferrous metals, located in Glasgow’s King George V Dock.

Recycling Lives, which additionally exports automotive components, mentioned the corporate is able to processing 600 metric tonnes of metal a day and may load vessels with as much as 4,000 tonnes of recycled metallic at its deep-water berth.

Three Hills Capital Companions, as a shareholder in Recycling Lives, offered further assist all through the acquisition course of.

Hodgson mentioned: “This acquisition suits into our longer-term plans of being a world main round financial system enterprise. This consists of growing high-grade high quality recycled feedstock to supply extra inexperienced metal via our world class processes, which dovetails with Scottish Authorities coverage.

“Our enterprise is constructed on delivering environmental innovation and social worth, whereas offering alternatives to extend abilities and careers, and contributing to social improvement. We look ahead to working with the Scottish jail system to assist rehabilitate ex-offenders and make a constructive distinction to the neighborhood.”

The corporate mentioned it’s at the moment planning funding which is able to see new plant and gear put in on the website to extend capability and create further jobs.

The prevailing administration group below managing director Jake Adam will proceed to run the operation however as a part of the Recycling Lives Group.

Adam added: “The parallels between our two corporations makes this an excellent match.  If you take a look at what we do, the tradition and the significance that neighborhood has to each companies, it’s clear simply how complementary our corporations are.”

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