Company News, Deals
Sale of Saxon Recycling
1–2 minutes
We advised the directors of Saxon Recycling on its sale to Cleansing Service Group. CSG is a nationwide supplier of waste management services headquartered in Hampshire.
Company background
Saxon Recycling Limited provides a “one stop-waste solution”, collecting and disposing of wastes – such as aluminium plates, fixing solutions and negative film – from the printing, photographic and healthcare industries. Its services also include the recovery from waste material of valuable commodities such as silver.
What was special
This transaction involved the sale of an East Anglian based owner managed business to a national operator in the same industry. CSG is a good strategic purchaser – there is a strong fit in terms of services offered, and a very good geographic fit. CSG has locations around the country but until the acquisition of Saxon no base in East Anglia.
Deal structure
Sale shares to large corporate purchaser.
Please note that this content is not intended to give specific technical advice. It is designed to highlight some of the key changes rather than provide an exhaustive explanation of the topics. Professional advice should always be sought before action is either taken or refrained from as a result of information contained herein.
