Slicker Recycling makes second US acquisition

Worcestershire-based lubricating oil recycling and treatment specialists Slicker Recycling has increased its presence stateside through its second US acquisition in six months.

Newly acquired Cleveland Industrial Recycling, an Ohio-based high voltage metal recycling company, will be integrated into Slicker’s US subsidiary, Hydrodec, which was acquired in November of last year.

The expansion deal will improve the firm’s carbon-cutting offerings for customers, with expertise acquired with the businesses set to play a greater role in helping companies offset carbon emissions, conserve fossil fuels and gain carbon credits to help meet their sustainability goals.

Mark Olpin, Executive Chairman of Slicker Recycling said: “This is an exciting acquisition for us and maintains our ongoing, rapid growth in the US market.

“We saw so many synergies between Hydrodec and the team at Cleveland and we can now closely integrate our expertise. There are efficiencies we will gain for used oil extraction and metal recycling, but the deal will also allow us to work with more businesses to help them achieve their green objectives and be awarded by gaining sought-after Carbon Credits.

Read more - Worcestershire’s Slicker Recycling announces ground-breaking battery recycling partnership

“There are so many compatibilities between both companies. Cleveland’s specialist team decommission tonnes of high voltage scrap metal and transformers every day, but now they can work hand-in-hand with our team at Hydrodec to ensure used oil is extracted, refined and recycled back into the market.

“It is a merger which means we are extending the value chain, and offering a closed-loop, end-to-end solution for companies across the United States.”

Gary Smith, previously Slicker’s operations director, will become the CEO of the expanded company, responsible for its 50 employees. Cleveland Industrial Recycling’s former chairman, Jim Szoka, will become the executive chairman of the new-look company.

Jim Szoka, executive chairman of Hydrodec North America added: “This merger is the next logical step for Cleveland Industrial Recycling and will not only extend the value chain, but give a complete, closed loop process when it comes to us recycling various types of metals and ensuring oil is extracted.

“We see a great fit with Slicker Recycling and Hydrodec so it is an exciting time for everyone involved.”

Read more - Slicker Recycling’s carbon-cutting green agenda attracts new talent