HURST Team Advises as Mercury Recycling is Sold to Mulberry Waste

Posted: Oct 10, 2019
Expert:
Nigel Barratt

A team at HURST has advised on the sale of Mercury Recycling to Mulberry Waste Holdings, a Lancashire-based specialist in the collection and treatment of hazardous materials. Following the acquisition, Mercury will continue to operate as normal from its base in Trafford Park. The terms of the deal are undisclosed.

hurst-advises-as-mercury-recycling-is-sold-to-mulberry-waste

Mercury recycles hazardous waste including products containing mercury, such as batteries, fluorescent light tubes, and gas meters. It turns over £2.5m and has 34 staff.

Ian Dawson and Lauren Roberts of HURST Corporate Finance advised the shareholders of Mercury on the transaction.

Ian said: “The deal represents a great outcome for all. Mercury is a great business with a reputation for providing a high-quality service. It has lots of synergies with Mulberry and should thrive under new ownership.”

Manchester commercial law firm Kuits, represented by partner Kirsti Pinnell and solicitor Kate Gledhill, provided legal advice.

Kirsti said: “Kuits was pleased to provide bespoke legal and commercial expertise to support Mercury in this transaction. “It opens up new avenues for the business to expand and presents opportunities to benefit from the strong infrastructure and networks Mulberry has in place.”

Mulberry, which was founded in 1993 by managing director Hassan Isaji, has its headquarters and main treatment facilities in Leyland. The £12m-turnover group, which has 59 staff, also has collection sites in Manchester, Liverpool, Ormskirk, Newcastle upon Tyne and Uddingston, near Glasgow.

Mulberry specialises in the collection, disposal, and treatment of chemicals, oil, solvents, laboratory waste, and other hazardous items. It has a fleet of 30 vehicles which operate from the West Midlands to as far north as Dundee.

Clients include manufacturers, pharmaceutical companies, universities and research establishments.

Large quantities of the waste it treats are exported to be converted into energy in Germany, the Netherlands, and Spain. The Mulberry Waste Holdings group of companies also includes a vehicle repair and maintenance business and a logistics business.

Mr. Isaji said the acquisition enables Mulberry to expand its expertise and capacity in growth areas of the hazardous waste treatment sector.

“Mercury is a well-known and established brand and we will look to grow the business,” he said.

“We have handled the same type of materials for some time but have not had the in-house expertise to dispose of them, and Mercury now gives us that capability.

“We are excited about the prospects for the business and the opportunities this deal brings to the wider group by adding to our range of services.”

If you're considering your exit options and would like to speak to a member of the Corporate Finance team, feel free to get in touch either by clicking here or by calling 0161 477 2474