The firm has purchased the food waste wheelie bin collection arm of JNL Waste Services Limited for an undisclosed value. The acquisition, including new trucks, will strengthen the company’s service in the Midlands, Northamptonshire and East Anglia.
‘I am pleased to confirm that Keenan Recycling has successfully concluded the acquisition of our wheelie bin service,’ said Jon Lee, JNL Waste Services.
‘Keenan Recycling has a fantastic reputation in the industry, so we know our customers will be in good hands. The sale will allow us to focus on bulk food waste haulage and the funds from the deal will be used to expand our articulated fleet.’
Managing director of Keenan Recycling Grant Keenan explained: ‘Jon and Natalie have built a fantastic company over the years and the wheelie bin arm of their business was a naturally strong fit for Keenan.’
Keenan Recycling has invested over £4m in new trucks in the last 12 months, adding six new depots including London, Exeter and Manchester, and more than doubled its headcount.
Mr Keenan continued: ‘Over the past 18 months, we’ve made significant investments into England, that allowed us to serve a wealth of new customers including colleges, restaurants and fast food chains as businesses increasingly review their carbon footprint, and realise how food waste recycling can support sustainability goals.’