DCC seeks to grow presence in Britain

DCC is looking to aggressively grow its presence in the waste management and recycling services sector in Britain over the next few years.

The multi-disciplined support services group announced yesterday that it has successfully reorganised its British-based environmental-focused operations under one new holding company, DCC Environmental Britain.

The new entity will basically oversee the William Tracey Group and Wastecyle – the two recycling firms in which DCC has interests in Britain.

DCC has paid Michael Tracey – the managing director of the William Tracey Group – £8.45m (€9.7m) to dilute part of his ownership. Mr Tracey will now head up DCC Environmental Britain and will own 30% of the new combined business, with the DCC group owning the other 70%.

The William Tracey Group is the leading recycling company in Scotland while Wastecycle is a leading player in the English market, based near Nottingham.

DCC group chief executive, Tommy Breen said that the re-modelling of the British environmental business means the group is well-placed “to capitalise on the favourable market dynamic in Britain, where an increasing proportion of waste is being recycled and diverted away from landfill”.