Wood recycling specialist and Egger UK supplier Timberpak Ltd has acquired a 50% share in the holding of Pearce Recycling Company Ltd. The deal was finalised on 1st November 2023 and follows a long-standing relationship between the two companies, which included the successful launch of Timberpak Pearce Ltd in 2016.
Timberpak says that the acquisition will lead to an increase in the amount of recycled wood processed at the site by up to 100,000 tonnes per year, and will broaden its recycling portfolio to include the processing of paper, cardboard, plastic, glass, and metal.
Pearce Recycling Company Ltd operates from St Albans and services public and private sector customers with their recycling requirements in the South East of England. It already complements Timberpak Ltd’s existing locations in the North East, Yorkshire and Scotland, and the increased capacity will allow the company to further support its customers.
Pearce Recycling Group Ltd, which focuses on fibre recycling and animal bedding production and is based in Luton and Milton Keynes, is not part of the investment and will continue to operate as normal.
Egger UK, which sources its recycled wood from Timberpak Ltd, is the largest user of recycled wood in the UK wood panel industry. It uses this material to make chipboard products, which are widely used in the furniture, interior design, and housebuilding industries.
Timberpak Ltd's director, Mark Hayton, pictured left, said: “I am very excited for future growth and collaboration with the Pearce Recycling team. Having a presence in the South East is vital for Timberpak Ltd to further develop its recycled wood strategy in the UK, and our new partnership is a key milestone.
“The partnership will help Timberpak Ltd capture even more wood directly from source, providing recycling opportunities for local businesses and authorities, as well as giving us the opportunity to broaden our portfolio of waste types, in particular our understanding of the markets for dry recyclables.”
Simon Pearce, chairman of Pearce Recycling Company Ltd, said: “This new investment signifies a bright and sustainable future for both of our companies. We are committed to expanding our horizons and making a profound impact in the recycling industry, while serving our public and private sector customers in the South East of England. We look forward to an exciting and prosperous journey ahead, capturing even more recyclable materials directly from source, broadening our portfolio, and championing sustainability in the recycling industry.”
