Hull-headquartered Ashcourt Group has bought a North East waste recycling business as it strengthens its position in the industry.
John Wade Group has been described as a strategic purchase, opening up new service areas and expanding the geographical reach of the high growth diversified construction and logistics specialist.
Operating from Aycliffe Quarry in Newton Aycliffe, just off the A1 in Durham, the company specialises in demolition, earthworks, plant and skip hire and waste management. It comprises two trading subsidiaries, Stonegrave Aggregates Ltd and John Wade (Haulage) Ltd. Employing more than 100 people, the last reported financial year saw Stonegrave generate revenues of £6.7 million. The undisclosed deal takes Ashcourt’s headcount well beyond 400.
