Binn Group buys out neighbouring Perth metals business
Scottish resource management company Binn Group has bought over long-established David Band Metals in Perth, consolidating the group's place as the principal metals business in Perth and Kinross.
The takeover was seen as an obvious move for Binn Group which operates a growing scrap metal reprocessing centre just several hundred yards from Band's premises in Perth's Shore Road.
All five employees of the newly-acquired business have been retained and absorbed into the Binn Group Shore Road centre workforce.
Binn Group Managing Director Brian Harkins, a former President of the Scottish Metals Association, explained that scrap metal processing was a core part of the company's waste management services.
"We welcomed the opportunity to strengthen our market share in the business through the acquisition of David Band Metals and were delighted to safeguard all employees' jobs by recruiting them into our own workforce," he said.
"The takeover sees Binn Group firmly established as the principal metals business in the district and highlights the key role the company plays in the UK’s multi-billion-pound metals processing and recycling industry.
"Binn Group continues to look at other acquisitions to further strengthen our growing operation," added Mr Harkins.
Further investment in the company's Shore Road centre has included the recent purchase of a £250,000 state-of-the-art metals handling machine (pictured) as Binn Group expands its operation within a global industry which recycles around 400 million tons of scrap and redundant metals each year.
The company's Shore Road centre - a satellite operation of Binn Group's Ecopark at Glenfarg - is an accredited metal processor and offers a compliant and sustainable route for all metal recycling, buying ferrous, non-ferrous and precious metals from commercial, industrial and domestic sellers.
Binn Group, which employs around 160 people, is one of the country's leading independent provider of integrated recycling and waste management services.
Established in 2001, the company operates out of the Ecopark near Glenfarg, a multi-facility site with a twin line commercial and industrial Material Reclamation Facility (MRF).
A range of materials are recycled including metals, plastics, cardboard, aggregates and soils, and the site also boasts an anaerobic digestion plant, and in-vessel and green-waste composting systems.
Plans are also progressing for the development of a world first Advanced Plastics Sorting and Up-cycling Facility and a small Energy from Waste plant.
Binn Ecopark is also the location of four 2.3MW turbines (Binn Wind Farm), which form the core of a new private grid project, with the planned additions of battery and solar technologies also expected to improve the baseload availability of renewable energy. This will transform power use at the site, with a proposal under consideration for a 25MW private grid connection to Perth.