SLICKER RECYCLING MAKES MONSTER ACQUISITION

Stourport-on-Severn based oil and waste recycling firm Slicker Recycling has bought fellow industry specialist Oil Monster.

Slicker Recycling collects and recycles more than 75 million litres of used oil and commercial garage waste every year.

Chester-based Oil Monster employs a team of 13 people and operates a fleet of 10 trucks which collect waste oil throughout the UK.

As part of the deal, the business, which Slicker Recycling has acquired from Cleansing Service Group Limited, will retain its brand identity and be led by respected general manager, Lorna Roberts.

Mark Olpin, executive chairman of Slicker Recycling said: “Oil Monster is a business which is trusted by its large customer base and carries an exceptional reputation for its expertise in the collection of waste lubricating oil.

“The business has an environmental vision which closely mirrors our own, so we see this as the perfect fit as we increase our UK market share. Not only is it an acquisition which delivers growth, but it allows us to support Oil Monster’s customers with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.”

“We welcome everyone at Oil Monster into the Slicker family and look forward to working with them to deliver further innovation and growth in the years ahead.”

The acquisition of Oil Monster sees Slicker once again building on its environmental credentials after the 2020 opening of its £70 million base oil re-refinery in Denmark through a joint venture with German partner, Avista AG.

The Oil Monster deal is the latest in a line of mergers and acquisitions for the company. The cost of the acquisition was undisclosed.

The Elevate Programme, funded by the European Regional Development Fund, Worcestershire’s County Council, and district councils, was offered to established businesses with growth ambitions.

The support which included tailored consultancy advice and support, also helped businesses to develop a growth plan on which to base their grant-funded project.

Businesses on the programme have created 100 new jobs.

Councillor Marc Bayliss, Cabinet Member with Responsibility for Economy, Infrastructure and Skills, said: “I am very proud to see the resilience and strength of our local businesses that have not only adapted, but flourished in such a challenging environment.”

One business to benefit from the support is The Name Label Company. The programme helped the business to fund improvements to its website, e-commerce capability, manufacturing hardware and software to increase production capacity. Matt Busby, The Name Label Company Director, said: “The Elevate Programme has been fantastic, I think I would go as far as saying it is the best programme I have ever been involved in.”