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[United Kingdom]
Posted on : Aug 08, 2008
The former owners of Verdant Group –Jon and
Simon Miles – have acquired Glazewing Ltd., a large metals recycling firm in
East England. The two brothers sold Verdant to Ireland-based Greenstar last
year.

The Miles’ acquired Glazewing through its recently started acquisition company
called Valens Resources Group Plc. Roughly 75 percent of Glazewing’s revenue is
derived from scrap metal recycling, most of which is exported. The remaining
revenue comes from materials processing and disposal services provided mainly
for commercial customers in the region, including an approved authorized
treatment facility processing waste electrical equipment and end-of-life vehicle
de-pollution, as well as hazardous waste management, hiring out skips and roll
on-roll off containers, and some cardboard and plastics baling.

According to Jon Miles, Glazewing’s strong market reputation has been earned
through its quality and service focus. "We aim to build further on that
reputation as we believe metal recycling has a bright future for go-ahead
businesses that have the scale and operational efficiency to capitalize on
European and global demand."

"I see similarities between the metal recycling sector today and the waste
management industry in the 1980s. The latter had to evolve rapidly from being
insular and fragmented to being customer and service-led, and willing to move
with the times. The same dynamics are now infiltrating the metals recycling
sector, which gives Simon and I a great business-building opportunity," Miles
continued.

"We will use our experience to drive positive change at Glazewing. We want to
expand its metal recycling business, and introduce new services and revenue
lines, so that it becomes a dominant new presence across the South East. It’s
all about leveraging new efficiencies, and different and safer ways of working,
so that we can carve out a successful niche in a big market sector."

Glazewing’s main six acre site and licensed transfer station adjoins further
sites used for its logistics and container operations, with a further vehicle
park site close by. The company operates a nearby export facility where scrap
metal is loaded for shipments.

Established in 1986, Glazewing operates a fleet of 23 trucks and 24 trailers,
and has made substantial investment in processing plant, as well as IT and
management information systems.
 
Source:

Recycling Today
 
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