Recycler secures £20 million growth deal

A South Yorkshire recycling business is set to accelerate its growth after securing a funding boost.

CF Booth, based in Rotherham, has secured a £20 million asset-based lending facility from Independent Growth Finance (IGF) to support its expansion plans. 

Bosses say the cash is expected to help strengthen operations and performance while providing capacity for continued investment. 

Christopher Woodcock, finance director at CF Booth, said: “With IGF’s support we have the working capital we need to accelerate our growth and enhance our operational performance. 

“We are extremely positive about the new opportunities this investment will create. 

“It further strengthens our position, allowing us to invest further in our operations, demonstrating our commitment to provide for our customers.”

Richard Spielbichler, asset-based lending director at IGF, in Manchester, added: “With a proud legacy and a clear strategic direction, CF Booth is well positioned to focus on their future growth and success. 

“This investment will create a step change in the business, allowing them to invest in their operations and increase their capabilities to secure further new contracts.”

Founded in the 1920s, family-owned CF Booth has grown into one of the largest independently run metal recycling companies in Europe, employing more than 200 people.

The company trades in both ferrous and non-ferrous metals and processes recycled materials for customers across the UK and overseas. 

Advisory firm Interpath supported CF Booth on the deal.

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