COVENTRY skip firm Tom White has been bought by the City Council for almost £15m.
The council said the acquisition would contribute to its ‘long-term waste management practice.’
Tom White, set up in 1975 by Leonard Thomas White, is a family firm based in Longford which it says now has a £14m turnover.
Manager Ian White stated, “We are really pleased to have concluded the sale of our business to Coventry City Council. We have spent many years building a reputable local company, and we are excited that the business will continue to grow into a far reaching and ever more successful entity.
“We’d like to thank all of our staff, and we look forward to our continued relationship with the City Council as we deliver business growth.”
Tom White’s deals with recycling and is one of the Midland’s prominent recyclables processoers.
After over £10m of investment into the latest processing equipment, White’s now has a 7,500sqm facility that recycles up to 150 thousand tonnes of local waste with zero sent to landfill.
A Coventry council spokesperson said: “We are delighted with the opportunity to acquire Tom White Waste, and we look forward to being a part of a successful local business with sound environmental principles. This transaction delivers a key part of our strategic commercial and environmental objectives, which will contribute to our long-term sustainable waste management practices of the city.”
The deal was announced today (March 6), after months of secret council discussions over the purchase.