Waste and recycling multinational, Remondis, has acquired family owned Newcastle upon Tyne based waste management firm, JBT, for an undisclosed sum.
JBT has been listed in the top 50 of the North East Business Awards as well as in the national awards for the 50 fastest growing companies in the waste management industry.
From its two sites operated in Bedlington and Birtley, north and south of the River Tyne, the company offers a range of waste management services, comprising waste collection, recycling, RDF processing, WEEE and aggregate recycling to some 500+ customers.
In recent years the company experienced rapid growth and now processes over 220,000 tonnes of waste per annum, employing 150 staff. Both parties have agreed not to disclose the financial details of the acquisition.
Steve Patterson, managing director of Remondis Waste Solutions Ltd, the UK subsidiary of the German waste management group, has confirmed today that a contract for the sale of JBT had been signed.
He stated that a joint team under his guidance made up of the current JBT management and two further finance and operations staff from the Remondis head office in Germany will be set up to ensure a smooth transition and integration into the Remondis Group.
“JBT has experienced impressive growth in recent years thanks to clear strategic vision, a highly skilled and committed workforce and a strong management team,” commented Patterson.
John Binks, CEO and founding shareholder of JBT added: “In spite of its impressive scale, the family-owned structure of the Remondis group and the mindset of the Remondis people are based on very similar philosophies to our own.”
“This is why we believe that Remondis are a natural fit for JBT and its employees and a strong partner to further diversify our activities and develop the business as a whole.”
Remondis,” he concluded.
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