Fri, 21 May 2021 | BUSINESS SALE
Biffa has agreed a deal to acquire the collections business and certain recycling assets of rival waste management company Viridor for £126 million. The deal continues Biffa’s consolidation within the waste management industry, with the company having made 45 acquisitions in the past 8 years.
The acquisition of the £85 million revenue collections business sees Biffa take on Viridor’s 270 vehicle Industrial and Commercial (I&C) fleet and 15 depots across the UK which serve around 21,000 customers. The operation will be integrated into Biffa’s UK I&C business.
Biffa will also acquire a £39 million turnover portfolio of Viridor’s recycling and treatment centres. These sites provide composting and materials recycling services, among others, and have long-term supply contracts with local authorities.
Acquiring the assets, which processed 272,000 tonnes of waste material in total last year, will play a key role in Biffa’s growth plans as it looks to solidify its status as a the UK’s leader in sustainable waste management.
Biffa Chief Executive Michael Topham commented: “The acquisition of Viridor’s collections business, and certain recycling assets, is a compelling opportunity for Biffa. The addition of Viridor’s £85m collections revenues builds on the Group’s strong track record as the leading market consolidator in the highly fragmented I&C collections market.”
“In addition, the acquired recycling and treatment assets broadens our coverage and control of materials, strengthening Biffa’s position as one of the largest recyclers of post-consumer materials in UK.”
“When combined with the other investments we have made over the past year across waste reduction, recycling and energy recovery, we have positioned the Group as a leading enabler of the UK circular economy, ready to tackle the UK’s waste challenge.”
Find businesses for sale here.
If you are looking for an exit, we can help!
This is an opportunity to acquire a Traffic Management Service which has achieved extraordinary growth since its inception in 2022. The business has already managed to build strong relationships with their clients, many of whom return to the service...
Offering the rare opportunity to acquire a well-established and award-winning hair salon, which has been offering expert haircare services for over 25 years.
Established over 50 years ago, the business has developed an enviable reputation during this period as the leading provider in the sector across South Wales.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.