RBMR acquire Chilton Waste Services
Featured in14 June 2012 - 14:25
Raymond Brown Minerals & Recycling purchase Didcot-based waste-management firm from administrators
RAYMOND Brown Minerals & Recycling Ltd (RBMR) have saved 33 jobs in Oxfordshire thanks to the swift acquisition of Didcot-based Chilton Waste Services from BDO under a pre-pack administration agreement.
Less than two weeks after administrators were first contacted, the transaction with RBMR was complete, securing the future of the waste-management business and the jobs of its 33 employees.
The purchase included the company’s trade, plant and equipment, plus its 13-acre freehold site. Now operating under the Raymond Brown name, the business is continuing to trade as normal.
‘We are delighted to have secured the jobs of the dedicated staff at Chilton and would like to welcome them to the Raymond Brown team,’ said RBMR director Steve Clasby.
‘When Chilton Waste Services came up for sale, we realized it was a great opportunity but had to move quickly to prevent it from falling into irreparable financial distress.
‘The acquisition marks a significant milestone for RBMR, adding to our growing network of recycling facilities across the south. Geographically the site could not be better placed, extending the reach of our services to the north into Oxfordshire.’
The Chilton recycling facility is permitted to process 150,000 tonnes of waste a year, primarily collected from 2,000 wheelie-bin lifts around the region every month and via its skip and ro-ro hire service.
With the advantage of cutting-edge equipment at Raymond Brown’s recycling facility near Andover, RBMR hope to increase the percentage of waste recycled at Chilton from the 35% currently being achieved to 90% and above.
‘Access to the additional waste, which will include plastics, card, paper, wood, metal and construction material, will be a great benefit to the entire business and a good opportunity to further limit what is being sent to landfill,’ said Mr Clasby.