Biffa acquires SWRNewstar for £25.8m

Written by: Jo Gallacher | Published:
SWRNewstar generated revenues of £40.1m last year

Biffa has acquired Specialist Waste Recycling (SWRNewstar) for £25.8m.

The business, which generated revenues of £40.1m at year ending December 2018, was sold by a consortium of investors including Angus MacDonald OBE.

SWRNewstar’s business model provides waste and recycling services on a national basis, with the physical delivery provided by subtractors.

Biffa currently services around 11% of SWRNewstar’s customers.

Around 90 people are currently employed by the company.

Michael Topham, Biffa CEO, said: "The acquisition of SWRNewstar represents a compelling opportunity for Biffa and provides further evidence of our ability to identify and execute cash flow enhancing and earnings accretive acquisitions.

“Bringing together SWRNewstar with Biffa's leading Industrial & Commercial business will strengthen our offering while enabling us to profitably leverage our national network. We welcome the staff and customers of SWRNewstar to Biffa."


This material is protected by MA Business Ltd copyright.
See Terms and Conditions.

Comments
Name
 
Email
 
Comments
 

Please view our Terms and Conditions before leaving a comment.