UK recycler snapped up by Spanish paper group

United Kingdom – Multi-national paper group Saica has extended its presence in the UK with the acquisition of Futur which offers recycling and waste management services to organisations nationwide, including logistics companies, shopping centres and food manufacturers.

The company is on course for a turnover of £26 million (US$ 41.6 million) in 2010. Spain-based family company Saica, which is building a containerboard mill in Manchester that is scheduled to open in 2012, said the acquisition of Malmesbury-based Futur would ‘close the loop’ on its integration strategy for the UK and is expected to provide the new mill with 100 000 tonnes of recovered paper per annum. General Director of Saica’s recycling division Victor Sanz says the purchase of Futur represents another step towards the vertical integration strategy already employed in Spain and France. ‘The second reason to pursue this acquisition is to ensure that we get raw material for the Manchester factory at competitive prices,’ says Mr Sanz. Futur was formed in 1994 as an independent recycling and waste management business. According to Saica, the firm operates as a licensed waste broker and provides a comprehensive recycling and waste management service to a large number of producers in the UK. According to Futur’s CEO Simon Dymoke, ‘the new Saica plant in Partington (Manchester) offers great opportunities for our customers to see their cardboard recycled in Britain, enjoying the benefits of reduced transport of waste, reduced carbon footprint and an integrated recovery cycle’.

www.saica.com