finance

Keenan Recycling strengthens English presence with acquisition



Aberdeen-based food waste collection firm Keenan Recycling has bought its way further into the English market.

The firm has purchased the food waste wheelie bin collection arm of JNL Waste Services for an undisclosed value.

The acquisition, including new trucks, should strengthen the company’s service in the Midlands, Northampstonshire and East Anglia.

Jon Lee, director at JNL Waste Services, said: “Keenan Recycling has a fantastic reputation in the industry, so we know our customers will be in good hands.

“The sale will allow us to focus on bulk food waste haulage and the funds from the deal will be used to expand our articulated fleet.”

Keenan Recycling managing director Grant Keenan added: “Jon and Natalie have built a fantastic company over the years and the wheelie bin arm of their business was a naturally strong fit for Keenan.”

Keenan Recycling has invested more than £4m in new trucks in the last 12 months, adding six new depots including London, Exeter and Manchester, and more than doubled its headcount.

Initially set up as a garden composting business, the company launched its commercial food waste collection services in Scotland in 2009 before moving south of the border in 2018 and then expanding across England.

Keenan stated: “Over the past 18 months, we’ve made significant investments into England, that allowed us to serve a wealth of new customers including colleges, restaurants and fast food chains as businesses increasingly review their carbon footprint, and realise how food waste recycling can support sustainability goals.

“Since we achieved UK wide coverage earlier in the year we are starting to see numerous acquisition opportunities as other waste management firms believe they could benefit by becoming part of Keenan Recycling.”

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