Liverpool, UK — S Norton & Co Ltd, at the forefront of British metal recycling for 50 years, is being restructured so that the owners John, Charlie and Matt Norton can devote more time to strategy and longer-term direction of the business and ensure its future success. Founded in 1960, the family-run scrap processing business collects, processes and distributes over one million tonnes of ferrous scrap every year. It has long-established metal recycling operations across the UK in Manchester, London, Liverpool and Southampton.
The Norton brothers’ decision comes as the growing size of the company – 150 employees across eight sites – and ever-increasing regulatory controls has meant the need to develop more formalised corporate governance procedures. For these reasons, they have expanded their Board with four new directors joining in June 2016 and are delegating more specific operational functions to existing senior managers. The new board members are Roger Morton, Managing Director and Graham Donohue, Finance Director, plus two non-executive directors with long experience of the business, Margaret Harry and Norman Jones.
It’s an additional role for Roger who has worked in partnership with S Norton for more than 10 years as a Director of Axion Polymers. He will help to advise shareholders and senior managers on the organisational and procedural changes, while providing an interface between the executive management teams and directors. He will continue to run the Axion business alongside fellow Axion Polymers director Keith Freegard, with whom he founded their Manchester-based resource recovery and plastics recycling business in 2001. Axion’s business remains unchanged.
John Norton, Chairman commented: “These changes will help S Norton to maintain and grow its position as one of the largest and most progressive metal recyclers in Europe. The intention is to retain the close rapport of senior managers with the shareholders and retain the family ethos of the business, while ensuring that there is no change of control in the ownership of the company. In creating a stable long-term future for our company, our aim is to remain the preferred partner for suppliers and buyers of all types of recycled metal; stay at the forefront of technical and commercial innovation and empower our staff to take more responsibility, thereby increasing job satisfaction for everyone in our business.”
Commenting on his new role, Roger added: “S Norton & Co is a long-established, highly-respected and successful company in its sector and the shareholders’ vision is that it remains a stable family-controlled business that recycles responsibly. I am looking forward to helping their experienced team with their plans to grow further while remaining profitable so they can continue to invest for the long term.”
Source: S. Norton & Co. Ltd.