The waste and recycling firm Viridor, based in the United Kingdom, has acquired JWS Churngold Ltd. for £14.25 million (US$22.3 million). The acquired company is based in Lancashire, U.K. According to Viridor, the acquisition is in line with its strategy to expand in the areas of contracts and recycling.
JWS Churngold is a waste logistics and transport solutions provider under contract with Global Renewables Lancashire Operations Ltd., the contractor for the Lancashire waste management PFI (Private Finance Initiative). The company transports waste derived from the Lancashire and Blackpool local authorities’ transfer stations to Global Renewables’ PFI treatment facilities in the U.K. for recycling or disposal.
Colin Drummond, chief executive of Viridor, says, “We welcome our new colleagues in the North West. JWS Churngold’s operations in Lancashire fit well with our existing and planned operations in the northwest, including those associated with the Viridor/Laing Greater Manchester waste PFI. The acquisition is expected to be earnings enhancing in its first full year.”
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