The UK’s leading food waste collection firm, Keenan Recycling has announced an acquisition as it gears up for further growth in 2022.
The firm, which earlier this year achieved full coverage of the UK, has purchased the food waste wheelie bin collection arm of JNL Waste Services Limited for an undisclosed value. The acquisition, including new trucks, will strengthen the company’s service in the Midlands, Northamptonshire and East Anglia; introducing new customers to Keenan and enhancing its fleet of vehicles.
Jon Lee, JNL Waste Services said:
“I am pleased to confirm that Keenan Recycling has successfully concluded the acquisition of our wheelie bin service. 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.”
Managing director of Keenan Recycling, Grant Keenan explained:
“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."
Against the backdrop of a global pandemic, on-going Brexit negotiations and HGV driver shortages, Keenan Recycling has invested over £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, Keenan Recycling 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 is passionate about delivering a cost-effective service that encourages customers to reduce their impact on the environment.
“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.”
With a top of the range and ever expanding fleet, Keenan is cementing itself as the market leader of national food waste collections. The company is well positioned to fulfil the demand that will be generated by mandatory food waste collections, in line with the Environmental Bill that will be enforced in England next year.
“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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