NWH Group has acquired the business and assets of DJ Laing Recycling Solutions' wood processing division in Petterden, Dundee.
Mark Williams, Managing Director at NWH Group, said: "This acquisition represents the addition of a new product to our portfolio, and ensures we have the in-house expertise to further process our wood waste into a product which can be taken to a sustainable end use. It means that we are in better control of wood commodity prices, stabilising the market for our customers, and ensuring that the wood is being recycled responsibly."
Processing recycled wood into biomass for energy plants, the six-acre Petterden site will supply around 60,000 tons of biomass per annum. The acquisition sees ten staff transfer to NWH Group, and add £1.8m turnover. NWH expects to increase the site's output of fuel for sustainable energy and recruit more employees to support the growth.
David Laing, Managing Director at D J Laing, said: "I have always had a special interest in waste recycling and enjoyed our company's role in pioneering wood recycling in Scotland. I'd like to thank the Petterden team for all their hard work and commitment throughout the past 25 years. I look forward to seeing the team and the business continue to progress with NWH."
Financed with the support of a revolving credit facility (RCF) with Royal Bank of Scotland, NWH was advised by Wright, Johnston & Mackenzie LLP, and D J Laing was advised by Stewart Brymer Legal.