The purchase of Thames Fabrics is designed to beef up Holcim UK’s place within the recycling and building demolition fabrics (CDM) marketplace in and across the capital.
Thames Fabrics, shaped in 1995, employs 90 other people and operates a fleet of 62 automobiles. Head place of work is in Uxbridge and its recycling operations are carried out from a 12-acre facility in Harefield, which has not too long ago observed its annual approved processing capability building up to 750,000 tonnes.
It specialises within the elimination, haulage and recycling of waste from building websites throughout London and surrounding counties. In 2024 it gained greater than 400,000 tonnes of subject material for processing, getting better 340,000 tonnes on the market into the secondary aggregates marketplace.
Within the yr to 31st October 2024, Thames Fabrics made a pre-tax benefit of £3.5m on turnover of £30m. The year-end accounts display internet belongings of greater than £34m.
Holcim UK leader govt Lee Sleight mentioned that he acquisition “strengthens our footprint within the London building marketplace and aligns to our ambition of creating sustainable building a fact as we paintings in opposition to changing into the main UK supplier of sustainable answers”.
He added: “Thames additionally has a really perfect synergy with our current recycling and building demolition fabrics trade within the east of London and the purchase will let us expand our products and services and achieve to reinforce the transfer to a extra round financial system – particularly with the will for higher use of recycled or reused fabrics in initiatives inside the capital. Via 2030 we now have set ourselves a goal to procedure 6.5 million tonnes of CDM yearly.”
On promoting up his trade to Holcim, Thames Fabrics managing director Martin Clarke mentioned: “We’re in point of fact having a look ahead to taking the trade ahead with Holcim UK and harnessing their experience and networks.
“This transfer permits us to proceed on our enlargement trajectory and amplify each our capability and providing. Holcim is a marketplace chief in the United Kingdom and the world over with a obviously articulated imaginative and prescient for circularity and sustainability and we’re excited to be part of that.”
Were given a tale? Electronic mail information@theconstructionindex.co.united kingdom
