BMRA member S Norton & Co has announced it has acquired a 100% stake in Axion Recycling Ltd. The business units trading as Axion Polymers and Axion Consulting are now a wholly owned subsidiary of the S Norton group.

It was also announced that Keith Freegard has resigned his position on the board as Marketing Director and left Axion’s employment. In an amicable agreement, Keith will continue to work on key projects and areas,  taking advantage of his experience and knowledge.

Dr Roger Morton, Managing Director of S Norton and BMRA board member, will continue as Director of Axion.

John Norton, Chairman of S Norton said: “We are pleased to announce this change in ownership of Axion Recycling because it clarifies and consolidates the working arrangements between S Norton and the Axion sites. We will continue to support the company policy and strategy for sales growth of all products, while at the same time increasing added-value and profitability. We look forward to a successful future based on this strengthened relationship.”

Keith Freegard added: “I am immensely proud of the sustainable business that the Axion team has created over the past 16 years and to have grown a successful company in the resource recovery sector that delivers the Circular Economy, today, while most organisations are only just beginning to think about it.

“The team of people running the process plants and recycling operations are very competent and well-motivated, so much so that my full-time input is no longer needed! This change in ownership further strengthens the long-term sustainability of the ‘grave-to-cradle’ business model that S Norton and Axion can deliver for UK industry and I am sure that growth in product output and new business developments will continue at a similar pace. I am happy to maintain an active link with the team at Axion through my part-time consultancy role and I also look forward to finding some new opportunities in the exciting waste resource recycling sector.”

Axion develops and operates innovative resource recovery and processing solutions for recycling waste materials. Axion works with a wide range of clients, from Government agencies and local authorities to companies in diverse commercial sectors, on the practical development of new processing and collection methods to recover value from waste resources.