THE largest provider of waste disposal services in Cumbria has acquired Derwent Recycling in Workington.
Cumbria Waste Group (CWG) says the acquisition forms its 'growth plan to strengthen its base in Cumbria and regionalise its business across the north of England'.
It follows after European-based investment firm, Waterland Private Equity, acquired a majority stake in CWG at the beginning of the year.
The acquisition is said to increase permitted site capacity in West Cumbria, 'alongside a number of new customers and a strong and experienced team'.
Derwent Recycling was founded in 2006 by Kevin Farrington and run jointly with his wife Claire.
Andy Chant, CEO of Cumbria Waste Group, said: "I have known Kevin for many years and always held in high regard the business that he and Claire have built.
"It is compliant, delivers great service, and the pride taken in the assets is second to none.
"These are the qualities that made it attractive for us and it adds significant additional capacity to our operations in West Cumbria."
Kevin Farrington, founder of Derwent Recycling, said: "I am proud to have sold the business to Cumbria Waste Group.
"Both businesses complement each other and the synergies between them will drive operational efficiencies and facilitate a wider service offering to our valued customers throughout Cumbria.
"We have taken great pride in the business, facilities and the team that we have built and we are really excited to see how the business develops in the future under CWG.
"I would like to thank all our customers and friends for their support over the years and I wish Andy and his team all the very best for the future," he said.
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