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!
An opportunity exists to purchase the business and assets of a North West based temporary staff recruitment consultancy specialising in providing temporary and permanent staff to the Industrial, Technical and Haulage industries.
An opportunity exists to purchase the business and assets of a temporary staff recruitment consultancy specializing in the Food Processing Sector, operating in Nottingham, Peterborough, Leicester and Boston . The business provides temporary staffing...
An opportunity exists to purchase the business and assets of a leading motor vehicle body repair business supporting accident management clients operating in the West Midlands of England.
09
|
Dec
|
UK's largest forest management business formed after deal | BUSINESS SALE
SWL, the parent company of forestry management company Scott...
06
|
Dec
|
Brandnation moves to employee ownership | BUSINESS SALE
Marketing and communications agency Brandnation has transiti...
06
|
Dec
|
Wilson Partners makes it seventh acquisition | BUSINESS SALE
Accountants Wilson Partners have continued their expansion i...
13
|
Sep
|
Biffa acquires Hampshire construction and demolition waste firm | BUSINESS SALE
Waste management giant Biffa has acquired Hampshire-based co...
15
|
Apr
|
Waste-to-fuel business acquired by Biffa | BUSINESS SALE
A company that transforms residual waste into fuel has been ...
29
|
Jun
|
Biffa acquisition boosts recycling capability | DIVISION SALE
Waste management firm Biffa has announced that it has acquir...
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.