Ekman & Co has increased its footprint in Britain. The Swedish trading group active in the pulp, paper and packaging sectors has announced the acquisition of Allan Morris Recycling (AM Recycling Ltd) of Deeside, Flintshire, North Wales, effective on 26 March 2024. The purchase price was not disclosed.
According to Ekman, AM Recycling operates one of the most advanced paper recovery facilities in the UK. As a wholly owned subsidiary of Ekman & Co AB, the company will trade as Allan Morris Recycling.
The managing director of Ekman Recycling Limited, Pankaj Chowdhary, commented: “We have been working with Allan Morris Recycling in recent years, and we have always been impressed with their professional and flexible approach to doing business and I am particularly pleased that Carl Robertson will remain within the business as its managing director, along with his key staff, whom we welcome with open arms and look forward to working with for many years to come”.
Carl Robertson, managing director of Allan Morris Recycling, added: "Our relationship with Ekman has always been positive, and their long-term commitment and credibility align perfectly with our culture. With Ekman, we gain access to expertise, new partners, and financial strength, which will support our continued growth”.
British Ekman Recycling Limited, a member of the Ekman Group since 2016, describes itself as a "large category Environment Agency approved and accredited exporter", trading in recovered materials within the UK, Europe, and the rest of the world. The company reported turnover of $69.4 million and a profit after taxation of $474,445 for the year ended 31 December 2022 in accounts filed with Companies House.
Ekman's recovered materials division as a whole has the capacity to ship more than one million tonnes a year globally, according to the parent group.
