Ultratec looks to future growth with business acquisition

Ultratec looks to future growth with business acquisition

Ultratec Limited, a trusted and secure data destruction and hardware repair specialist, is pleased to announce the acquisition of specialist electronic recycling firm, Else Refining and Recycling. The acquisition forms part of Ultratec’s ambitious multi-year growth plans.

The company, which has more than two decades’ experience working within the IT recycling sector, hopes that this new phase will help to further cement it as a leader in the industry. It will also provide its customers with a full life cycle solution, while underlining an unwavering commitment to the environment.

Ian Turnbull, Managing Director at Ultratec says, “As we grow our service offering and expand our operations, we want to be the endpoint for all recyclable and reusable material. We have worked with Else Refining and Recycling for many years, so understand the business and where they fit into the corporate landscape. Our investment in the company is evidence of our commitment to bringing best in class recycling along with our cutting-edge technology, reinforcing our doctrine of zero waste to landfill.”

Jason Else, Managing Director Else Refining & Recycling said, “We are delighted by the opportunities that will arise from the acquisition of Else Refining & Recycling by Ultratec Holdings. Both companies have a unique approach and offer a wealth of experience in the IT asset disposal sector. By joining forces, we will be offering a truly end-to-end disposal solution, from high security data destruction services to the decommissioning and bespoke disposal of automated plant, medical equipment and industrial applications.”

E-waste has been steadily increasing over the last 20 years, and despite plans to cut the amount of electronic waste over the last decade, it has seemingly had little effect. The last UN report stated that global e-waste reached a record high in 2014, and at the current rate of technological development, this is likely to keep rising. In fact, the report projected that the world would produce almost 50 million metric tonnes of e-waste a year by 2018.

Ultratec is a high technology company that repairs, resells and recycles IT related equipment. The company operates from a 24,000sq ft. warehouse, dubbed a “Tech Hub” where its experts conduct the hi-end repair and refurbishment of tech equipment.

Mr Turnbull added, “The recycling company sits at the other end of the spectrum, to Ultratec, processing all the scrap recycling materials. We hope that by joining forces we can offer a one-stop-shop for customers looking to up their green credentials.”

Else Refining and Recycling specialise in secure and environmentally compliant recycling of WEEE computer and IT related equipment in the B2B sector. The company is at the forefront of the sector, with over 50 years’ experience providing a full range of end-to-end services to many blue chip and high street companies throughout the UK and Europe.

To find out more about Ultratec and its commitment to providing an eco-friendly tech disposal solution, visit the website: http://www.ultratec.co.uk/