Sims Metal Management Limited has acquired Morley Waste Traders and Lord and Midgley (Morley) businesses. Morley is a leading United Kingdom-based metal recycler with 10 facilities across Yorkshire. Sims Metal Management will now have a total of 50 metals recycling facilities across the United Kingdom.
Alistair Field, group chief executive officer of Sims Metal Management said, “Morley’s operations in North England fit strategically with our own current footprint and will be a valuable addition to our Europe Metals business. The acquisition is consistent with our strategy of disciplined growth through complementary bolt-on acquisitions in our core markets.”
The financial terms of the transaction were not disclosed, however, the purchase price consideration is not material to Sims Metal Management.
Published in the June 2018 Edition
