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Valpak has sold its Preston-based materials recycling operation to a new company called JWS Lancashire.
Valpak, the Warwickshire-based packaging recycling compliance scheme, is to undergo a £2.5m management buy-out, and a 30% stake will be acquired by Greenpoint.
Valpak, the packaging recycling compliance scheme, is considering plans for a management buy-out.
Valpak has acquired the Waste Management Group's waste plastics sorting site in Preston, in order to expand its Valient Recycling operation.
Valpak has been appointed by the British Retail Consortium to co-ordinate the creation of a network of recycling centres to meet new European rules on the safe disposal of electrical and electronic waste.
Valpak has sold its commercial glass collection business to Berryman, including the assets, trade and goodwill of the Recycle-more-glass scheme.