Private equity takeover for Birmingham metal recycler

Private equity firm Endless has acquired Birmingham-based metal recycling company Enablelink.

The investor said the deal would provide the reprocessor with additional cash to fund its growth.

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Enablelink has over 60 employees and handles over 300,000 tonnes of ferrous and non-ferrous materials each year.

Founded in 2007, the recycling firm now boasts a turnover of £100m and sends reclaimed metal to customers in the UK and abroad.

It has recently invested in new shredding and processing capabilities.

Enablelink chief operating officer Josh Long, who will take over as managing director of the company following the retirement of Roy Millard, hailed the takeover as “fantastic news”.

“While it’s business as usual, we’re excited about the opportunities the new owner will bring and look forward to continuing our rapid growth and development both organically and through acquisitions,” he said.

Endless Investment Director John Stevens added: “Through its strong relationships with suppliers and customers, Enablelink has demonstrated its importance to the UK’s green economy and the growing demand for recycled materials both in the UK and internationally.”