Waste oil collector Slicker Recycling Ltd. acquired competitor Oil Monster for an undisclosed sum in mid-May. The purchase further strengthens Slicker’s position as the United Kingdom’s leading waste oil collector.
An estimated 200,000 metric tons per year of waste lubricant is collected in the U.K. annually. However, 100,000 tons is unaccounted for, according to Waste Connect. It is likely dumped illegally, posing a grave threat to the environment.