Acquisition of highways recycling specialist expands AI’s sustainability product portfolio
AGGREGATE Industries have acquired OCL Regeneration Ltd, a leading provider of highways waste-recycling solutions. The acquisition of the Kent-headquartered business will further strengthen AI’s asphalt and surfacing operations, where it is a key player on National Highways and local authority contracts.
Founded in 2006, OCL Regeneration recycle a vast selection of materials from highways maintenance and construction projects, including aggregates, asphalts, concrete and tar, which otherwise would have to be specially disposed of.
The materials are reprocessed and reused in new highway construction or maintenance projects as low-carbon products, resulting in reduced emissions and in support of the circular economy. OCL Regeneration have six depots located in Avonmouth, Medway, Hampshire, Lincolnshire, Northumberland and Oxford.
Dragan Maksimovic, chief executive officer of Aggregate Industries, commented: ‘OCL Regeneration have made great strides in the reuse of highways planings and the development of low-carbon products and solutions. This is very much in sync with our own strategy and commitment to achieve our sustainability goals and continue to deliver on our green growth objectives as a business.
‘The acquisition further enhances Aggregate Industries’ position in the UK highways and surfacing market and puts us at the forefront of circular construction supply and delivery…It also gives us a further foothold in important geographic locations and aligns with our ambition of being the leading supplier of sustainable construction materials and solutions in the UK.’
Stuart Gready, founder and managing director of OCL Regeneration, said: ‘OCL is thrilled to be joining Aggregate Industries. This allows us to underpin the health and growth of the company and the security and development of our teams and services. We look forward to optimizing our existing client offering, while also having increased support to develop new and exciting innovations in the highway circularity and decarbonization space.
‘Holcim and Aggregate Industries UK have an impressive portfolio of low-carbon products and solutions, which we are very pleased to become a part of. We will gain access to new opportunities, assets and geographies which align well with our growth strategy.’