Biffa acquires waste company in the North East of England

Source: O'Brien WRS
07.07.2017 − 

The British waste management company Biffa is to acquire the regional waste and recycling company O'Brien Waste Recycling Solutions Holdings Limited for a cash consideration of £35.2m (ca. €40m, £1 = €1.14). A further consideration of up to £0.9m is reportedly contingent upon the satisfaction of certain conditions. The company provides commercial waste collections and recycling and waste treatment services for customers in both the industrial and commercial and municipal waste sectors, according to Biffa's Wednesday announcement.

Commenting on the transaction, Biffa chief executive Ian Wakelin said, "As one of the UK's largest waste management companies, Biffa is a natural consolidator, with the scale, reputation and expertise to grow and build upon our market leading positions. This acquisition significantly strengthens our market presence in the North East of England", he said.

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