Murfitts Industries acquires Tarmac subsidiary
Suffolk tyre recycler Murfitts Industries has acquired the tyre collection business of Sapphire Energy Recovery, part of Tarmac, the UK’s leading sustainable building materials and construction solutions company.
The deal – price undisclosed – will also see Murfitts acquire Sapphire’s tyre processing plants in both Birmingham and Manchester and see Murfitts Industries significantly increase its processing capacity in the UK, giving it coverage for the first time in Scotland, the North of England and the West Midlands.
Murfitts Industries and Sapphire have worked in close partnership for the past decade. The new expanded business will sit under the Murfitts Industries brand, with current managing director Mark Murfitt at its helm.
Murfitts Industries will continue to supply Tyre Derived Fuel (TDF) to Tarmac: 12 Sapphire employees will transfer to Murfitts Industries as part of the agreement.
The deal is a strategic acquisition which will accelerate the company’s ambition to develop a green recycling framework for the UK, which will ensure tyres can be recycled to the very highest environmental standards, with full traceability and compliance.
Murfitts Industries markets itself as the only tyre recycling plant in the world to recycle 100 per cent of all component materials in all its tyres.
By expanding its collecting infrastructure, Murfitts Industries is better placed to ensure more UK tyres are responsibly processed in its state-of-the-art tyre recycling system.
Mark Murfitt, managing director of Murfitts Industries, said: “This deal will enable us to deliver on our strategy of creating a greener, safer, tyre recycling infrastructure for the whole of the UK, moving further towards making the UK self sufficient in the recycling of End of Life Tyres, thus ensuring that ELT’s are recycled to the highest environmental standards.”
• Image courtesy of Murfitts Industries