Waste firm expanding
One of Telford's largest employers, Wastefile UK, is set to expand after buying a Lincolnshire company.
One of Telford's largest employers, Wastefile UK, is set to expand after buying a Lincolnshire company.
Wastefile UK, with 110 employees and a turnover of £35 million last year, has bought Scunthorpe waste management company YWM for an undisclosed sum - boosting turnover by another £15 million a year for Wastefile UK.
Ten-year-old YWM is set for expansion as its services are integrated into Britain's leading single-source skip hire and waste management organisation, which boasts a large slice of the construction and building industry's site waste management services.
Wastefile UK says the move is part of a strategy to create a major national recycling and waste management organisation and YWM, with its expertise and resources, will play a key role in the plan.
Paul Cox, managing director of Wastefile UK, said it would be utilising the strengths of YWM to enhance its services, embracing the potential of the combined resources of two highly successful companies.
YWM is a well-respected company, with 50 employees, blue-chip clients, and bases near Scunthorpe and Cornwall.
"YWM has exciting services that will now be available to our own nationwide client base," said Mr Cox.
"At the same time we have a vast amount of experience and technical back-up that YWM can use to expand its own services and employee base."
Wastefile UK was founded 13 years ago in Telford and has remained loyal to the town ever since, moving to its present Stafford Park headquarters eight years ago.
"Telford is an ideal central base for our UK-wide operations, but we decided some time ago that we would also need strategic northern and southern offices to allow the expansion of services that require on-site activities by our own staff," Mr Cox added.
"YWM has satisfied that requirement and we have the bonus of new services that we can now offer to our expanding customer base."