Special Waste Recycling Limited (SWR) and New Star Environmental (Newstar) today (5 December) announce the merger of both companies to become SWRNewstar, now one of the largest waste broker in the UK, it claims.
Both parties 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 £41m.
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.
Andy Butler, CEO, SWR – “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.”
Chairman of the merged company SWRNewstar, Angus MacDonald, commented: “SWRNewstar is an exciting merger of two similar companies that provide an appealing, alternative offering to the mega wheels based waste companies.”
Keith Brown, chairman, Newstar, commented on the merger: “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, offering existing and potential clients a truly first class waste management solution and unparalleled service, delivered by the existing senior management team of both organisations”
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. We are very excited about the future and look forward to getting started on the merging of the two companies.”