The business and assets of CF Booth have been bought by a subsidiary of Yorkshire metal recovery and waste recycling company Ron Hull Jnr, saving 29 jobs.
Administrator Interpath was appointed to CF Booth on 16 January before taking control of a further five of the company’s subsidiaries a few days later, followed by group demolition business Demex and Albion Jones on 10 March.
Interpath said it was then able to complete a sale of substantially all of the assets of all eight companies to Hu11 Ltd.
It added that the transactions for Demex and Albion Jones were going concern sales, allowing the demolition business to continue operations.
Ron Hull Group was founded in Rotherham in 1976 and has grown to become one of the county’s most recognisable companies, providing metal recovery and waste recycling services.
Its Ron Hull Jnr division is one of the largest scrap metal traders in the North of England, buying and selling all grades of ferrous and non-ferrous metals.
As part of the transaction, 29 members of staff employed by Demex and Albion Jones transferred to Hu11.
In a statement, Nigel and Mark Hull, directors at Ron Hull Jnr, said: “As a business which has operated in Rotherham for 50 years, we’re pleased to have been able to secure this transaction which reaffirms our commitment and support to the local area.
“We are incredibly proud of what our father Ron Hull has achieved, and look forward to building upon this success as we welcome the Demex and Albion Jones team to the Ron Hull family.”
Founded in the 1920s, family-owned CF Booth employed 168 staff and also traded both ferrous and non-ferrous metals, as well as processing recycled materials.
Interpath said the company had experienced significant trading difficulties over recent months, exacerbated by rising energy and copper prices, as well as increases to the national living wage and the impact of environmental legislation, VAT and HSE penalties.
Interpath administrator James Lumb said: “CF Booth is a big part of both the regional community and the UK and European metal recycling sector.
“The Ron Hull name is synonymous across South Yorkshire for scrap metal trading, so we are pleased to have concluded these transactions which not only preserve jobs for employees of Demex and Albion Jones but which we hope, in due course, will also see operations recommence at CF Booth’s sites in Rotherham.”
Ron Hull Jnr holds an operator licence authorising 30 HGVs running out of two depots in Rotherham.
