National recycling and waste management provider, Biffa has completed its acquisition of the collections business and certain recycling assets from Viridor Waste Management Limited.
Biffa announced on 21 May that it had decided to choose the collections business and certain recycling assets of Viridor Waste Management for a cash consideration of c.£126 million.
Biffa said the acquisition will expand the company’s I&C collections recycling and business capabilities, broadening the Group’s customer base, and “solidifying its leading position in UK sustainable waste management” . Biffa also added the move builds on the firm’s “strong background because the leading consolidator of the highly fragmented UK I&C collections market and underpins the Group’s commitment to its sustainability strategy, strengthening Biffa’s position among the largest recyclers of post-consumer materials in the UK” .
Michael Topham, LEADER of Biffa, commented : “ The acquisition of Viridor’s collections business and certain recycling assets is another significant step for Biffa, strengthening our leadership positions in several our core markets and accelerating the delivery of our growth strategy once we continue steadily to leverage the Group’s unique position in the centre of the circular economy.
“With respect to everyone at Biffa, I’m delighted to officially welcome our new Viridor colleagues to the business enterprise and appearance forward to working together once we continue steadily to pursue the exciting growth opportunities that lie ahead.”
The acquired Viridor business has “traded consistent with expectations since 21 May 2021” .
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