Recresco is one of the UK’s leading material recycling companies and was the first to sort glass by colour, and the first to take glass sourced from materials recycling facilities.
The funding will allow the purchase of the Ellesmere Port site from Peel Ports and secures Recresco’s long term future on the site while allowing the company to develop its operations further.
Recresco’s growth strategy also incorporates upgrading existing facilities and investment in high-tech plant machinery.
Tim Gent, director at Recresco, said “The purchase of new plant equipment, along with a number of other significant investments by the business including the acquisition of the land at Ellesmere Port and the installation of a new state-of-the-art cyber security system, forms part of Recresco’s growth strategy aimed at future-proofing the business and delivering the highest quality product to our customers.”
Isca Ventures provided corporate finance advice and funding was provide by HSBC.