Filta Group Holdings, the provider of fryer management and environmental services to commercial kitchens, has added further scale to its business after agreeing a £7m deal to acquire WatBio Limited.
WatBio – which includes Watling Hope Environmental Biotech – provides a range of fat, oil and grease control, and management services for many of the UK’s leading restaurants, including grease traps, biological drain treatment and grease removal systems.
The acquisition, which comprises both cash and shares, is designed to add value to Filta Group’s own grease management solutions, which are provided through FiltaGMG, based in Rugby.
Since the acquisition of Grease Management Limited (GMG) in August 2017 Filta Group has been seeking strategic opportunities to gain critical mass in the grease management industry.
Jason Sayers, CEO of Filta, said: “We are delighted to have acquired WatBio, which is one of the country’s largest grease management companies, with a number of major blue chip customers nationwide.
“We have seen significant growth in our grease management business over the last 12 months and the purchase of WatBio is a perfect fit, which will propel us into the top league of service providers in the UK.”
As well as grease management services, WatBio also provides an additional range of complementary services, including wastewater pumping and treating, and a one stop shop for drainage issues through its drain jetting and vacuum tankering facilities.
Based in Stratford-upon-Avon, WatBio has an annual turnover of around £10m and 85 staff who will all be retained bringing the combined workforce across the expanded Filta Group to approximately 150 people.
Watbio’s business will continue to operate under the leadership of managing director Edward Palin, who will work closely alongside Filta UK managing director Debbie Sarson-Lowe.
Mr Sayers added: “We are confident that by combining best practice across both businesses customers will benefit from enhanced resources, experience and product breadth, as well as the upgraded service, systems and controls Filta Group has become known for. This in turn will bring improved efficiencies, productivity and shareholder value across the expanded company.”