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Dutch recyclables trader acquires International Recycling Ltd

The Rotterdam based recyclables trading company Ciparo BV has agreed to a total buyout of the Norwich based International Recycling Ltd. The deal was completed in January 2011 for an undisclosed sum. By acquiring one of the largest independent trading companies of recyclables in the UK, Ciparo now has a strong foothold in what it sees as an important market with plenty of potential.

Ciparo BV and International Recycling Ltd have been trading recovered paper and plastics together for over 10 years. Over the past few years the relationship between the two companies has grown stronger. Ciparo’s director and co-founder Joris de Caluwe: ‘’After the increased cooperation, it was a logical next step that Ciparo should acquire IRL. We see that the paper and plastics market is changing. Competition is growing, and bundling our strengths is the right way forward.’’

Ciparo distinguishes itself from other trading companies by having five local offices in China. The offices employ well educated and experienced local Chinese staff. These offices are located in the most important economic and political regions of China (Beijing, Tianjin, Qingdao, Shanghai en Guangzhou). Ciparo has recently also expanded into Vietnam, opening offices in Hanoi and Ho Chi Minh.

With the takeover, Ciparo has also acquired a considerable share in International Recycling’s sister company, Australian Resource Management (ARM). ARM specialises in harvesting and exporting Australian forestry products to China.

The two parting shareholders of International Recycling, Danny Stephens (ex Lawsons) and Maarten Kleiweg de Zwaan (ex Warminger and BPB), wish Ciparo all the best for the future. Maarten Kleiweg de Zwaan will become a consultant for Ciparo.

Ciparo: http://www.ciparo.nl/index.html


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