Egger’s supplier of recycled wood materials, Timberpak, has made a significant investment in Pearce Recycling Company, allowing it to increase its recycling capacity.
On November 1, Timberpak officially acquired a 50% share in Pearce Recycling Company, in a move that Egger says “secures the relationship between two of the biggest names in wood and waste recycling”.
Following the investment, Timberpak will be able to increase the amount of recycled wood it processes by up to 100,000 tonnes per year. Additionally, Timberpak will also be able to widen its recycling portfolio to include processing capabilities for other materials, such as cardboard, plastic, glass and metal.
Pearce Recycling Company already supports Timberpak’s existing plants in the North-East, Yorkshire and Scotland. However, the investment will now allow Timberpak to take advantage of Pearce’s wood recycling efforts in the South-East of England.
Timberpak supplies recycled wood to Egger for its chipboard products. Egger claims to be the kitchen manufacturer is the largest user of recycled wood in the UK wood panel industry.
Mark Hayton, director of Timberpak Ltd, said: “I am very excited for future growth and collaboration with the Pearce Recycling team. Having a presence in the South-East is vital for Timberpak Ltd to further develop its recycled wood strategy in the UK, and our new partnership is a key milestone.
“The partnership will help Timberpak capture even more wood directly from source, providing recycling opportunities for local businesses and authorities, as well as giving us the opportunity to broaden our portfolio of waste types, in particular our understanding of the markets for dry recyclables.”
Simon Pearce, chairman of Pearce Recycling Company, added: “This new investment signifies a bright and sustainable future for both of our companies. We are committed to expanding our horizons and making a profound impact in the recycling industry, while serving our public and private sector customers in the South-East of England.
“We look forward to an exciting and prosperous journey ahead, capturing even more recyclable materials directly from source, broadening our portfolio, and championing sustainability in the recycling industry.”
The news comes just months after Timberpak invested £30 million into opening a new six-acre recycling site in Leeds.