Palatine-backed total waste management solutions provider Papilo has accelerated its growth with the bolt-on acquisition of a specialist agricultural landspreading business.聽
The deal for the organic waste landspreading (鈥榃aste-to-Land鈥�) division of award-winning Lancashire-based Silverwoods Waste Management Ltd is set to broaden the Manchester-headquartered firm鈥檚 service offering and enhance its sustainability credentials.聽
The transaction will boost the company’s revenues by more than 拢5m and marks its first acquisition since the returns-focused Impact Fund invested in June 2023.聽
The acquired business is well-established and has been a part of Papilo’s supply chain for over 15 years. It works with major food manufacturers and water utility companies to identify the agricultural benefit within their organic waste streams.
It then distributes them to the agricultural sector, with the waste ultimately being used by farmers as natural fertiliser.聽聽聽
鈥淎t Papilo our goal is to lead the way in fostering a circular economy, where waste is minimised, resources are maximised, and everything we do contributes to a healthier planet,鈥� said Paul Hodgkiss, CEO of Papilo.
鈥淲e are delighted therefore to have acquired Silverwoods Waste Management’s Waste-to-Land division, a deal that accelerates our growth while increasing our sustainable business mission.聽
鈥淭he founder, Julian Silverwood, has done a first-class job in growing this business and we look forward to supporting him and the team as they join forces with Papilo.鈥�
Greg Holmes, investment director Palatine Impact Fund, added: 鈥淭his strategic bolt-on acquisition strengthens Papilo’s strong ESG credentials and will offer the business a further opportunity to grow through cross selling its services to existing customers.聽
鈥淲e are pleased to have completed the first acquisition since our investment and continue to look at a number of other opportunities for the business.鈥�