Viridor: Difference between revisions
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reflects major changes as the result of the sale of the business to KKR |
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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]]) | ||