Slicker Recycling acquires RE:Group

Slicker Recycling Limited, the UK’s largest collector and processor of used waste lubricating oil, has announced the acquisition of RE:Group (UK) Ltd.

RE:Group, based in Hull, provides waste oil collection and processing, industrial services and advanced fuel manufacturing.

Commenting on the acquisition, Mark Olpin managing director of Slicker Recycling, which also provides total waste management solutions to its extensive customer base, said; “The acquisition of RE:Group is an excellent strategic fit, increasing our UK storage capacity, geographic reach, export options, innovative process capabilities and new products and services to offer our customers. Re:Group is a solid well run business and we are extremely excited by the opportunities this acquisition provides.”

Last year Slicker, through its parent company Greenbottle Limited, co-invested in a 100,000 tonne per annum base oil re-refinery situated in Denmark.

RE:Groups’ managing director Paul Waine, will remain with the business and has joined the board of Greenbottle. Paul said; “Slicker Recycling has in recent years invested significantly more in this sector than anyone else, so the chance to integrate RE:Group and also play a part in the continued growth story is a fantastic opportunity.“

Mark Olpin added; “RE:Group is the fourth acquisition in as many years for Slicker Recycling, which together with the investment in the Danish re-refinery, shows both the level of support and ambition the shareholders have for the business.”

 

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