Spanish multinational paper and packaging manufacturer SAICA has acquired Manchester-based recycling company, Houghton's Waste Paper Ltd
The acquisition is a continuation of the expansion of SAICA Natur (SAICA's waste management business) in the UK, building on last year's acquisitions of Cutts Recycling and Stirling Fibre Group.
Houghton's Waste Paper runs a recycling operation in Audenshaw, Manchester and employs around 30 people, specialising in waste management services and confidential document destruction. The company has over 35 years' experience in the recycling and waste management sector.
The Houghton's Audenshaw site will help the supply and stock management of raw material to SAICA PAPER's new recycled paper mill in Partington, which is just 20 miles away.
The addition of Houghton's to SAICA Natur UK will add approximately 25,000 tonnes of waste to the amount managed by the company each year, bringing the total to 425,000 tonnes. It will also add to the company's combined turnover by £3.4m, bringing the combined SAICA Natur UK turnover to an estimated £74m (89M€).
Simon Dymoke, managing director of SAICA Natur in the UK, said: "I am pleased to see the continuation of SAICA Natur's expansion. The acquisition of Houghton's Waste Paper Ltd will provide our PM11 project in Partington with a local supply of raw material, which helps us in our aim to cut carbon emissions across the SAICA Group.
"We are pleased to be at the stage where we are able to provide our UK customers with the benefits of SAICA's full product life cycle approach to packaging and waste management, which we've been working towards for some time."
SAICA Paper's Recycled Paper Mill in Partington became operational earlier this year and creates high-performance papers and packaging, using 100 percent UK recycled materials and manufactured wholly in the UK.