Sunday, May 19, 2024

Sweeptech acquires Leicestershire firm out of administration

Sweeptech has acquired Leicestershire firm Go Plant, solidifying its position as a provider of road sweeping and waste management services.

The acquisition of Go Plant, which went into administration last week, aligns with Sweeptech’s business strategy for national coverage. By integrating Go Plant’s operations, Sweeptech now has a network of depots spanning the North East, North West, Yorkshire, the Midlands, London, the South, and South East.

The pre-pack deal completed by administrators from Alvarez & Marsal Europe involved the sale of a number of depots, saving 116 jobs. Not all Go Plant depots were sold, however, with some shutting, resulting in redundancies.

Martin Smith, CEO of Sweeptech, said: “We are thrilled to announce the acquisition of Go Plant, which marks a significant milestone in our journey towards becoming a truly national waste management company.

“This strategic move not only enhances our ability to serve our customers with excellence but also underscores our unwavering commitment to environmental sustainability and regulatory compliance.”

“We are excited about the opportunities that lie ahead as we integrate Go Plant into the Sweeptech family,” added Smith. “Together, we will continue to innovate, drive positive change and set new standards of excellence in waste management.”

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