Viridor: Difference between revisions
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Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: [[Churngold]] in 2003, [[Wyvern Waste Services Limited]] in 2006, [[Thames Waste Management]] in 2004, [[Enviroscot Ltd]], [[Brett Waste Management]] and [[Terry Adams Ltd]]. | Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: [[Churngold]] in 2003, [[Wyvern Waste Services Limited]] in 2006, [[Thames Waste Management]] in 2004, [[Enviroscot Ltd]], [[Brett Waste Management]] and [[Terry Adams Ltd]]. | ||
The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>. | The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their [[EfW]] business and associated [[Plastics Recovery Facility|plastics recycling]] business<ref>[https://www.viridor.co.uk/who-we-are/latest-news/2021-news/viridor-agrees-to-sell-collections-business-and-majority-of-recycling-locations/ Viridor News Item]</ref>. The divestment of the following parts of the business have been concluded: | ||
* May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding [[Crayford MRF]]) to [[Biffa]] which was completed in September 2021<ref>https://www.biffa.co.uk/viridor</ref> | |||
* December 2021 [[Equitix]] acquired a 20% stake in [[Viridor Energy]], comprising 11 [[EfW]] assets of the original Viridor business<ref>https://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/</ref> | |||
*January 2022 Viridor announced the sale of their [[Crayford MRF]] to [[N+P Group]]<ref>https://resource.co/article/viridor-sells-crayford-mrf-np</ref> | |||
* March 2022 Viridor completed the sale of their [[Landfill]] and [[Landfill Gas]] business, in its entirety, to [[Frank Solutions Ltd]]<ref>https://www.letsrecycle.com/news/viridor-sells-landfill-business/</ref> | |||
In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows: | In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows: | ||
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==Viridor Entities Listed on WikiWaste== | ==Viridor Entities Listed on WikiWaste== | ||
The divestment of the Viridor businesses set out above has not yet been fully consolidated/reflected in the entities set out below. primarily as a result of the changes not yet being fully reflected in the waste return data. | |||
*[[Viridor Waste Management Ltd]] | *[[Viridor Waste Management Ltd]] | ||
*[[Viridor Waste (Somerset) Ltd]] (previously [[Wyvern Waste Services Limited]]) | *[[Viridor Waste (Somerset) Ltd]] (previously [[Wyvern Waste Services Limited]]) | ||
Revision as of 16:26, 6 April 2022
Viridor is one of the major waste and recycling companies in the UK, working with more than 150 Local Authority and corporate clients, with over 3,000 staff working from over 300 facilities spanning recycling, energy recovery and landfill[1].
History
Pennon emerged from the privatisation of the utility elements of the South West Water Authority in 1989. Pennon acquired Haul Waste Ltd in 1993 from English China Clay and Blue Circle Waste Management in 1995, merging it and Haul Waste Ltd under its new name, Viridor, in 1998.
Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: Churngold in 2003, Wyvern Waste Services Limited in 2006, Thames Waste Management in 2004, Enviroscot Ltd, Brett Waste Management and Terry Adams Ltd.
The sale of Viridor to Kohlberg Kravis Roberts (KKR) by Pennon was announced in March 2020 for £4.2bn[2] and completed in July 2020[3]. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their EfW business and associated plastics recycling business[4]. The divestment of the following parts of the business have been concluded:
- May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding Crayford MRF) to Biffa which was completed in September 2021[5]
- December 2021 Equitix acquired a 20% stake in Viridor Energy, comprising 11 EfW assets of the original Viridor business[6]
- January 2022 Viridor announced the sale of their Crayford MRF to N+P Group[7]
- March 2022 Viridor completed the sale of their Landfill and Landfill Gas business, in its entirety, to Frank Solutions Ltd[8]
In 2017/18 the relative position of the top 5 waste companies[9], by turnover, was as follows:
| Company | Turnover million GBP |
|---|---|
| Veolia | 1,500 |
| Biffa | 1,077 |
| Suez | 798 |
| Viridor | 789 |
| FCC | 670 |
Viridor Entities Listed on WikiWaste
The divestment of the Viridor businesses set out above has not yet been fully consolidated/reflected in the entities set out below. primarily as a result of the changes not yet being fully reflected in the waste return data.
- Viridor Waste Management Ltd
- Viridor Waste (Somerset) Ltd (previously Wyvern Waste Services Limited)
- Viridor Waste (somerset) Ltd
- Viridor Ltd
- Viridor Peterborough Ltd
- Viridor Waste (Greater Manchester) Ltd now part of two contracts awarded in May 2019 [10] to Suez with Residual Waste EFW still targeted to Viridor's Runcorn EfW facility
- Viridor Waste (Kent) Ltd (previously Brett Waste Management)
- Viridor Waste Kent Ltd
- Viridor Waste Suffolk Ltd
- Viridor Waste (Thames) Ltd previously Thames Waste Management
- Lakeside Energy From Waste Ltd joint venture with Grundon
- Viridor Enviroscot Limited previously Enviroscot Ltd
References
- ↑ https://www.viridor.co.uk/who-we-are/company-overview/
- ↑ https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr
- ↑ https://resource.co/article/viridor-acquired-kkr-42-billion
- ↑ Viridor News Item
- ↑ https://www.biffa.co.uk/viridor
- ↑ https://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/
- ↑ https://resource.co/article/viridor-sells-crayford-mrf-np
- ↑ https://www.letsrecycle.com/news/viridor-sells-landfill-business/
- ↑ https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/
- ↑ Letsrecycle Article