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Announced

Completed

Morrisons completed the acquisition of a majority stake in Yes Recycling Fife.

Synopsis

Morrisons, a supermarket chai, completed the acquisition of a majority stake in Yes Recycling Fife, a recycling facility. Financial terms were not disclosed. "We've all seen the terrible pictures of plastic on beautiful Indonesian and Philippine beaches. And I've seen first-hand how it affects our coastlines when I've spent time on beach cleans here in Britain. It's unacceptable. So we started looking to see if we could find an answer. And this has led to us investing in a new recycling site. We've all come a long way towards turning the tide on plastics. But it's not enough. We need to turn our attention to soft plastics," David Potts, Morrisons CEO.

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