The acquisition will reinforce Holcim’s position in the recycling and construction demolition materials market in the capital and surrounding areas.
Thames Materials was formed in 1995 and employs 90 people with a fleet of 62 vehicles with its head office in Uxbridge.
Recycling operations are conducted from a 12 acre facility in Harefield with a capacity of 750,000 tonnes.
The firm specialises in the removal, haulage and recycling of waste from construction sites across London and surrounding counties.
Last year it received more than 400,000 tonnes of material for processing, recovering 340,000 tonnes for sale into the secondary aggregates market through the use of a state-of-the-art processing and wash plant equipment.
Where material has little recycling potential, the business redirects it into land restoration projects.
Lee Sleight, CEO of Holcim UK, said: “It strengthens our footprint in the London construction market and aligns to our ambition of making sustainable construction a reality as we work towards becoming the leading UK provider of sustainable solutions.
“Thames also has a great synergy with our existing recycling and construction demolition materials business in the East of London and the acquisition will allow us to develop our services and reach to support the move to a more circular economy – especially with the need for greater use of recycled or reused materials in projects within the capital.”
Martin Clarke, Managing Director of Thames Materials, added: “We’re really looking forward to taking the business forward with Holcim UK and harnessing their expertise and networks.
“This move allows us to continue on our growth trajectory and expand both our capacity and offering. Holcim is a market leader in the UK and internationally with a clearly articulated vision for circularity and sustainability and we are excited to be a part of that.”
