National company CSG completes takeover of Newark-based waste business Eurotech protecting jobs

A leading waste management specialist has completed the takeover of a respected and well-established business in Newark.

CSG has acquired Eurotech Environmental Limited, based on Northern Road Industrial Estate in Newark, as part of its growth plan.

Bosses confirmed that the entire Eurotech team will continue to serve customers old and new from the Newark site and the business will continue to trade under the Eurotech name.

Eurotech was founded in 1991 and has expertise in tankering domestic and industrial waste, with a fleet of 18 tankers and 16 drivers. It has a turnover of circa £5m and 20 employees.

Meanwhile, CSG is this year celebrating 90 years of business and posted record-breaking turnover of £110m in its most recent accounts, with profits of £13m.

Steve Hicks, operations director of CSG, said the deal was another significant step forward for the business, which is owned by the Hart family, including Heather and Hilary Hart, the daughters of founder Bunny Hart.

He said: “We are delighted to complete the acquisition of Eurotech Environmental Limited, which is a continuation of our ongoing strategy of geographic expansion.

“We have worked with Eurotech as a valued subcontractor for many years so we are aware of the business’ strengths and have a positive relationship with the owners, Chris, Karen and Nick Banks.

“Their ideal exit strategy was to sell to another family business and we are pleased to have been able to facilitate that wish.

“The Eurotech team will be warmly welcomed into the CSG team and we wish Chris, Karen and Nick all the very best for the future.”

Chris and Nick will continue in the business for a handover period to ensure a smooth transition.

Eurotech founder, Chris Banks, said: “This move ensures our long-standing commitment to providing a reliable, high-quality service lives on.

“In choosing CSG to carry forward Eurotech’s legacy, we are confident that their values as a family-owned business and their dedication to exceptional customer service align perfectly with our own.

“Joining CSG represents a tremendous opportunity for Eurotech to grow and further enhance our capabilities and we are excited to embark on this new chapter.”

Eurotech specialises in tankering from cesspits, septic tanks, sewage treatment plants, interceptors and leachate.

CSG employs more than 650 people nationally, supporting a national network of waste treatment and recovery centres.