Vellco Buys REG UK
Yorkshire based Vellco Tyre Control, has bought REG (UK). As of today the whole operation will be absorbed into Vellco’s business, a company spokesman confirmed. At the same time REG (UK)’s former managing director, John Campbell, has joined Vellco’s management board as business management director. In this position, Mr Campbell will continue his relationships with existing customers, maintaining his “roving role,” the company added.
According to Contintental Tyre Group, REG (UK)’s former owner, the decision to sell the company was made “after careful consideration.” In a statement the company explained that it believes “customer needs can best be met by working in partnership with the Tyre Recovery Association under TIC Responsible Recycler’s Scheme, rather than by continuing to operate its own recycling company REG (UK) Ltd.” Continental added that customers should benefit from the new arrangement with all existing service levels being maintained or improved.