S. Norton & Co. acquires resource recovery specialist Axion Recycling
Resource recovery specialist Axion Recycling has been purchased in full by Liverpool-based metal recycling firm S. Norton & Co. Axion recycles non-metallic waste from end-of-life vehicles and electronic goods and has been working with Jaguar Land Rover (JLR) to help increase the recycled aluminium content for the new cars since the beginning of this year.
On 20th of June, 2018, S. Norton acquired Axion from the five individual private investors who have owned Axion since July 2006. Axion and its ancillary branches Axion Polymers and Axion Consulting will now operate as subsidiaries of S. Norton that collects and processes metal scrap at its four facilities in Manchester, Liverpool, London, and Southampton.
On acquiring Axion, S. Norton’s Chairman John Norton said, “We are pleased to announce this change in ownership of Axion Recycling because it clarifies and consolidates the working arrangements between S Norton and the Axion sites.”
“We will continue to support the company policy and strategy for sales growth of all products, while at the same time increasing added-value and profitability. We look forward to a successful future based on this strengthened relationship.”
Morton will remain in his position at Axion, while Marketing Director of Axion Keith Freegard will continue as a consultant for the next 12 months. Commenting on the change, Freegard said: “I am immensely proud of the sustainable business that the Axion team has created over the past 16 years and to have grown a successful company in the resource recovery sector that delivers the circular economy, today, while most organisations are only just beginning to think about it.”
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