Viridor: Difference between revisions

Revision as of 14:33, 27 April 2022

Viridor logo from website

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 Crayfords Materials Recycling Facility and Pelican Reach (Plot L)) 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] re-branded Valencia Waste Management^[9].

In 2017/18 the relative position of the top 5 waste companies^[10], 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 ^[11] 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

[1] ttps://www.viridor.co.uk/who-we-are/company-overview/

[2] ttps://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr

[3] ttps://resource.co/article/viridor-acquired-kkr-42-billion

[4] Viridor News Item

[5] ttps://www.biffa.co.uk/viridor

[6] ttps://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/

[7] ttps://resource.co/article/viridor-sells-crayford-mrf-np

[8] ttps://www.letsrecycle.com/news/viridor-sells-landfill-business/

[9] ttps://www.letsrecycle.com/news/valencia-waste-major-landfill-operator/

[10] ttps://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/

[11] Letsrecycle Article

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 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]] and [[Pelican Reach (Plot L)]]) to [[Biffa]] which was completed in September 2021<ref>https://www.biffa.co.uk/viridor</ref>
+* May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding [[Crayfords Materials Recycling Facility]] and [[Pelican Reach (Plot L)]]) 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>