North West Fund injects £550,000 into Ultromex
The North West Fund for Energy & Environmental has invested £550,000 in British waste management business Ultromex.
The investment vehicle is managed by CT Investment Partners.
Company
Ultromex is a Birkenhead-based waste management business that specialises in the recovery of high-value metals from electronic and industrial waste. Jonathan Quinn and Harry Middleton founded the company in 2011. The company expects to post revenues of £10m by 2016.
Ultromex currently works in partnership with recycling businesses and is building a plant with an annual 8,000 tonne capacity in Ellesmere Port.
People
Partner Adam Workman led the deal on behalf of CT. He will also join Ultromex's board of directors as non-executive director.
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