Newport’s leading waste management specialists, GD Environmental, has increased its waste management operations in Wales, through the acquisition of Llanelli-based skip company, Skip Solutions.
The acquisition is a key component in the firm’s strategic expansion plan, which includes operating a full range of both liquid and dry waste services, whilst strengthening the company’s ‘total waste management’ service offering within the Carmarthenshire region.
The agreement sees GD Environmental take on a fully permitted and operational 5 acre waste transfer station, a fleet of seven vehicles, and a team of experienced staff in addition to an established customer base.
Commenting on the acquisition, Mathew Roderick, Managing Director at GD Environmental said “Acquiring Skip Solutions is part of our strategic growth plan in Wales and the South West, and plays a crucial part in expanding our business. We have confidently positioned ourselves in the market to deliver our full range of waste management services to new and existing customers.”
“Our Waste Recycling Centre and Water Treatment plant developed at our headquarters in Newport, continued investment in our fleet and staff combined with the operational capacity we have in Llanelli, enables GD Environmental to take advantage of the future market growth in any sector”.
Following the acquisition, GD Environmental intends to mirror the Newport recycling facility and landfill diversion operation at the Llanelli premises, with proposals submitted to introduce new technology for the processing of RDF, hard plastics, wood and liquid waste. The acquisition, which was financed by HSBC’s Cardiff and South East Wales Commercial Centre in a deal managed on behalf of the bank by Senior Commercial Manager Rob Owen, has already seen GD Environmental invest £250,000 into the project with the purchase of a new hook lift vehicle and excavator.
Roger Pratt, HSBC Cardiff and South East Wales Area Commercial Director, added: “We are pleased to have supported GD Environmental in this acquisition, which fits into the company’s strategic expansion plan. HSBC has recently launched a £400 million SME fund for Welsh businesses and we are keen to support ambitious companies throughout the country.”