Waste firm bought by local rival

WASTE management firm Environmental Resource Group has been bought out by Staffordshire outfit Red Industries.

The Brownhills firm specialises in waste management and the undisclosed buyout includes Environmental Resource Group’s waste facilities in Dudley, labs, offices, employees and customer base.

Red Industries said the deal would add additional waste management facilities, a larger client support team and fleet of bespoke vehicles.

Red Industries was founded in 2006 and provides hazardous and non-hazardous waste management services to businesses across the UK from its head office in Newcastle-under-Lyme.

A £39 million funding package, from BGF and HSBC has supported the acquisition.

Adam Share, chief executive and founder of Red Industries, said: “We are proud to incorporate ERG into our business.

“It was clear from ongoing discussions that our companies are well matched and aligned in terms of strategy, ethos, and focus for the future.”