Keenan Recycling strengthens food waste business with acquisition
This acquisition, including new trucks, will strengthen Keenan’s food waste collection service in the Midlands, Northamptonshire and East Anglia, introducing new customers to the company and enhancing its fleet.
Against the backdrop of Brexit, Covid and HGV driver shortages, Keenan has invested over £4 million in new trucks in the past 12 months, adding six new depots including London, Exeter and Manchester, and more than doubled its headcount. It also achieved full coverage of the UK in 2021.
The company processes more than 100,000 tonnes of organic waste annually and turns food waste into premium-grade compost or biofuel, which generates electricity at several anaerobic digestion plants across the UK.
“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,” said Grant Keenan, managing director of Keenan Recycling.
“Over the past 18 months, we’ve made significant investments in 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.”
Jon Lee of JNL Waste Services, added: “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.”