Mon, 15 Apr 2024 | BUSINESS SALE
A company that transforms residual waste into fuel has been acquired by waste management giant Biffa. The deal sees Biffa acquire the entire share capital of Eco-Power Green Energy Ltd, a subsidiary of Eco-Power Environmental Ltd, as well as a dormant plant and seven staff members.
The plant, located in the village of Melton, near Hull, has the capacity to produce in excess of 100,000 tonnes of solid recovered fuel (SRF) pellets per year, using non-recyclable household waste. SRF Pellets, an alternative to fossil fuels, are primarily used in the cement industry. Following the acquisition, Biffa will work to recommission the plant over the coming months.
Eco-Power group commercial director Louis Calders said that the sale was “testament to the vision, hard work and commitment of the Eco-Power team for the past seven years”, adding that Biffa has “the necessary expertise and resources to take the business on to the next level”.
The acquisition is the latest in a series of takeovers that have seen £1.4bn waste management firm Biffa significantly expand its operations, with several deals improving the company’s sustainability and environmentally-focused operations.
Biffa’s chief operating officer for resources and energy Mick Davis said that the acquisition and recommissioning of the Melton facility “allows us to further diversify our capability to divert more difficult-to-deal-with wastes away from landfill and help reduce customers’ carbon footprint.”
Davis added: "It's an exciting opportunity for us to develop our expertise in the alternative fuels market and could potentially be a stepping stone to a broader strategy in this space."
Find out how companies can generate value and attract funding by building their M&A strategies around ESG concerns
Read more about the latest trends driving dealmaking activity in the UK's environmental and sustainability-related industries
The company provides a streamlined, tech-supported process for homeowners and residential landlords to acquire new home services, including heating and other infrastructure. The business offers products from leading brands through an automated stock...
The company designs, manufactures, installs and maintains biomass heating systems for industrial premises throughout the UK. The business offers products with varying heating capabilities and capacities, ensuring that it can meet clients’ specificati...
A leading physiotherapy clinic in Loughborough, celebrating over 40 years of service. Known for its expertise in sports injuries and TMJ/migraine treatment.
LEASEHOLD
21
|
Nov
|
Omega Plastics in management buy-out | MBO/MBI
Gateshead-based plastics group Omega Plastics Group has unde...
21
|
Nov
|
Antrim-based Texthelp buys EdTech peer Scholarcy | BUSINESS SALE
Texthelp Group, an Antrim-based Edtech has bought peer Schol...
21
|
Nov
|
Ecommerce group Velstar seals third 2024 acquisition | BUSINESS SALE
Liverpool-based ecommerce specialist, Velstar, has made its ...
13
|
Sep
|
Biffa acquires Hampshire construction and demolition waste firm | BUSINESS SALE
Waste management giant Biffa has acquired Hampshire-based co...
29
|
Jun
|
Biffa acquisition boosts recycling capability | DIVISION SALE
Waste management firm Biffa has announced that it has acquir...
21
|
May
|
Biffa agrees £126m deal for Viridor assets | BUSINESS SALE
Biffa has agreed a deal to acquire the collections business ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.