Netherlands / United Kingdom – International Recycling, one of the UK’s largest independent recovered materials traders, has been acquired by a Dutch company specialising in the export of paper to the Far East. The buy-out of the Norwich-based company by Ciparo BV was completed in January for an undisclosed sum and provides the Dutch firm with a strong foothold in what it sees as an ‘important market with plenty of potential’.
Ciparo BV and International Recycling have been trading recovered paper and plastics together for over 10 years, and the relationship between the two companies has grown even stronger over more recent years. Ciparo’s Director and co-founder Joris de Caluwe comments: ‘It was a logical next step that Ciparo should acquire International Recycling Ltd. We see that the paper and plastics market is changing. Competition is growing, and bundling our strengths is the right way forward.’
With the takeover, Ciparo has also acquired a considerable share in International Recycling’s sister company Australian Resource Management which specialises in harvesting and exporting Australian forestry products to China. International Recycling’s departing shareholders – Danny Stephens and Maarten Kleiweg de Zwaan – wished Ciparo well for the future.
The latter will become a consultant for Ciparo. Also trading recovered metals, Ciparo runs five offices in China – in Beijing, Tianjin, Qingdao, Shanghai and Guangzhou. The company has also recently expanded into Vietnam, opening offices in Hanoi and Ho Chi Minh.