Heidelberg Materials completes acquisition of leading recycling company Mick George Limited

MGL has an annual turnover of around £220 million and specialises in recycling and waste management services. It operates around 40 recycling facilities, waste transfer stations, aggregate quarries and ready-mixed concrete plants in East Anglia and the East Midlands.

In order to address the CMA’s competition concerns, the company has divested a combination of eight Heidelberg Materials and MGL sites to PJ Thory as well as Needingworth quarry to Brice Aggregates.

The acquisition strengthens Heidelberg Materials’ circular materials offering. It adds a substantial recycling platform to the company’s portfolio, supporting the development of innovative technologies for processing waste and upgrading it for use in the construction cycle as a valuable material.

Simon Willis, CEO at Heidelberg Materials UK, said: “I am delighted to confirm the completion of the acquisition of MGL, which is an exciting milestone for us. It is a strong fit and represents a major step as we embrace the opportunities the construction waste sector represents.

"It will allow us to drive the use of recycled aggregate in building materials and help us reach our target to offer circular alternatives for half of our concrete products by 2030.

"Promoting circularity and thereby reducing the use of primary raw materials is crucial to achieving net zero and we are committed to playing our part.

"I am looking forward to working together to explore further opportunities and develop the combined business."

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Read the article online at: https://www.worldcement.com/europe-cis/07052024/heidelberg-materials-completes-acquisition-of-leading-recycling-company-mick-george-limited/