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22 January 2018
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MAJOR UK WASTE PLAYERS REVEAL MERGER PLAN

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Merger will create one of the UK's largest waste brokers © Shutterstock


8 December 2017 | Herpreet Kaur Grewal


Specialist Waste Recycling Limited (SWR) and New Star Environmental (Newstar) have announced the merger of both companies to become SWRNewstar.

 

SWR, based in Alton, Hampshire, and Buckingham-based Newstar are both major waste players and they also founded the Waste Management Broker Association (WMBA) earlier this year.

 

The merger will make SWRNewstar one of the largest waste brokers in the UK, with an annual turnover of £41 million.

 

Andy Butler, CEO, SWR, said: “We could see there was a huge amount of synergy between SWR and Newstar and following the successful launch of the WMBA we knew there would be a lot of portfolio gain from working together strategically. SWR and Newstar already have some impressive clients in the waste management space, and as a joint venture I am confident that we can only elevate this further.”

 

Keith Brown, chairman of Newstar, said: “The joining of two of the largest brokers in the UK Waste market gives us unrivalled expertise in the property management, grocery, retail, leisure and automotive sectors of the market. This will allow the new organisation – SWRNewstar – to deliver further growth from these sectors.”

 

Both companies will remain in their existing offices with the merger allowing for employment opportunity and growth for existing employees in both the Buckinghamshire and Hampshire areas.