Britain’s largest glass recycler is planning to significantly improve its efficiency and upgrade its sorting and treatment plants after getting a £15 million boost from Santander Corporate & Commercial.
Yorkshire-based Reuse Glass, which trades as Berryman, currently processes around 30 per cent of the glass that is recycled in the UK at plants in Doncaster, South Kirkby, Knottingley and Harlow.
The deal with Santander was clinched with the help of Hamish Morrison and Matt Scott from Sheffield-based BHP Corporate Finance.
The new financing agreement will enable Reuse Glass to introduce new hi-tech colour separating machinery, which will significantly improve efficiency, and will also generate an increase in production capacity for glass recycling within the UK.
Hamish Morrison of BHP Corporate Finance, said: “Changing legislative requirements and attitudes towards recycling have created a market with increased growth prospects. The Reuse management team continue to be proactive in looking to capitalise on these opportunities. The planned investment will enable Reuse to consolidate its position.”