A Gloucestershire waste management firm has acquired EV Cargo’s former headquarters, a 26-acre site in Moreton Valence, adding a significant asset to its operations.
- The site, strategically located near major transport routes, was previously owned by the renowned Downton family and is valued at £7.75 million.
- Smiths (Gloucester) confirmed the acquisition on social media, expressing excitement over this expansion of their operational capacity.
- The facility includes substantial infrastructure, such as a large warehouse, workshops, and parking facilities, enhancing Smiths’ existing resources.
- The strategic purchase aligns with Smiths’ goals of expanding their demolition and waste management capabilities in the South West.
A prominent waste management firm in Gloucestershire has confirmed the acquisition of the former headquarters of EV Cargo, a prime 26-acre distribution centre located in Moreton Valence. This strategic acquisition adds a valuable asset to the firm’s holdings and is expected to bolster their operational capacity across the South West.
Situated conveniently a short distance from the M5 motorway and equidistant to Gloucester and Bristol, this site provides easy access for logistics and distribution activities. Originally owned by the Downton family, the site was recently vacated by EV Cargo and placed on the market with a valuation of £7.75 million.
Smiths (Gloucester), a leader in the waste management and construction industry in the region, made the announcement via LinkedIn, expressing enthusiasm about expanding their operational footprint. The statement, “The rumours are true! We are ecstatic to share that Smiths has added another site to its group,” underscores the significance of this purchase.
The Moreton Valence site encompasses a 105,444 square feet two-bay warehouse, an expansive yard stretching 110 metres, alongside office spaces, workshops, and adequate parking for lorries. This extensive infrastructure is expected to enhance Smiths’ capabilities in delivering waste management and demolition services.
Smiths holds a prominent position in the South West, with a licence to operate 137 trucks from seven centres, plus a depot in Cardiff. The recent purchase aligns with their strategic goals to further expand and optimise their demolition, construction, asbestos removal, and commercial waste management services in the region.
Recent company accounts reveal a £1.9 million pre-tax profit on a turnover of £73.3 million, reflecting Smiths’ robust financial health and capacity for strategic investments such as this acquisition.
The acquisition of Moreton Valence marks a strategic expansion for Smiths, fortifying its position in the South West’s waste management sector.
