Biffa to acquire Viridor’s collections business, recycling assets
Biffa will acquire the collections business and certain recycling assets of Viridor Waste Management for £126 million (€145 million).
The transaction marks another significant step forward in Biffa’s growth strategy as a leading enabler of the UK circular economy.
On completion, the deal will see Biffa acquire Viridor’s network of 15 industrial and commercial (I&C) depots for business waste, significantly expanding its own market-leading low-carbon collections business and bringing a further 21,000 customers into the group’s portfolio.
Biffa said the move also improves its position to meet upcoming regulatory changes to collections services, including compulsory recycling and food waste, underpinned by evolving government policy.
Michael Topham, chief executive of Biffa, said: “The acquisition of Viridor’s collections business and certain recycling assets is a compelling opportunity for Biffa.
“The addition of Viridor’s £85 million 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 the 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. We look forward to welcoming our new colleagues from Viridor to Biffa in due course.”
The transaction marks another significant step forward in Biffa’s growth strategy as a leading enabler of the UK circular economy.
On completion, the deal will see Biffa acquire Viridor’s network of 15 industrial and commercial (I&C) depots for business waste, significantly expanding its own market-leading low-carbon collections business and bringing a further 21,000 customers into the group’s portfolio.
Biffa said the move also improves its position to meet upcoming regulatory changes to collections services, including compulsory recycling and food waste, underpinned by evolving government policy.
Michael Topham, chief executive of Biffa, said: “The acquisition of Viridor’s collections business and certain recycling assets is a compelling opportunity for Biffa.
“The addition of Viridor’s £85 million 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 the 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. We look forward to welcoming our new colleagues from Viridor to Biffa in due course.”
