ETD Changes Hands
London based tyre collection specialist Environmental Tyre Disposals (ETD) has announced a change in ownership which will take effect from Monday 1 August 2005. Following constructive negotiations over the past few months current majority shareholder, Paul Hanlon, has relinquished overall control of the company to managing director, Tony Allen who will now have ownership and control of ETD’s operations.
This development concludes a long running business partnership between Paul Hanlon and Tony Allen who in the last two decades have taken ETD from their initial launch as a modest casing dealer to their present position of being one of the leading players in the UK casing collection market. However, Mr Hanlon will remain with the company on a consultancy basis.
The company’s new owner, Tony Allen, is keen to point out that these latest managerial changes will in no way affect the current or indeed future development of the company and it is very much ‘business as usual’ for ETD and their present customer base. “Of course I am delighted to have successfully negotiated in purchasing the complete shareholding of ETD, a company that in my opinion has gone from strength to strength during the past few years. It is my firm intention to continue this progressive growth pattern for the company in the foreseeable future,” Mr Allen commented.
“Retaining Paul’s services as a casing consultant was absolutely imperative to the future success of the company and complimented by the committed management team we currently have that are at the very forefront of the business on a daily basis, gives me every confidence that ETD will continue to flourish as a specialist casing and collection company in the coming years.”
Paul Hanlon explained why he stepped down: “Having enjoyed an extensive amount of years at the helm of ETD, I firmly believe this latest development will take ETD into the future with continued success .There is no doubt that Tony and I have successfully built up the trading name of ETD over the years but now I want to take a step back from the overall management of the company but relish the opportunity to remain an active part of the business as a casing consultant. I wish Tony and all the present staff at ETD every success for the future.”