SITA UK Agrees Sale Of Metals Processing Sites To EMR

18-09-13(6)picSITA UK has agreed the sale of five metals processing sites to EMR (European Metal Recycling).

The sites are at Boreham, Coventry, Lenwade, Norwich and Sheffield.

The decision to sell the sites follows a formal review of the company’s metals recycling division, which was announced in July 2013.

The review of SITA UK’s metals recycling division follows difficult trading conditions within the metals recycling market, which have persisted for several years. Trading conditions have been exacerbated by the decline nationally and globally in both demand and the pricing of metals within commodities markets.

At the time David Palmer-Jones, chief executive officer of SITA UK, said: “We have built up an excellent metals recycling team and service for our customers which has led the way in setting industry standards within metals recycling, making today’s announcement all the more difficult. We have decided to launch this formal review, however, following years of difficult trading conditions and no sign of improvement in the medium term.

“Although within the metals recycling division we will stop accepting metals at the gate, we will continue to collect all the skips that remain at our customers’ premises and we will process the metals we collect from them as normal. We will be contacting all our metals customers over the coming days.

“We will review the feedback we receive during the consultation process over the next 45 days and a formal decision will be made about the future of our metals recycling decision in late August.

“In the meantime SITA UK’s core business, involving the management and delivery of recycling and waste management contracts in the public and private sectors, continues to trade strongly.”

The full financial terms of the sale have not been released.

 

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