Viridor acquires recycling firm

Taunton-based Viridor Waste Management, a subsidiary of Pennon Group, has acquired waste electrical and electronic equipment recycling company Shore Recycling for £23m


Taunton-based Viridor Waste Management, a subsidiary of Pennon Group, has acquired waste electrical and electronic equipment (WEEE) recycling company Shore Recycling for £23m.



Shore is headquartered in Perth, Scotland, and has recycling facilities in Perth, Manchester and St Helens, along with an associated collection fleet. With the UK’s recent implementation of the European Union’s WEEE Directive, WEEE recycling is expected to grow fast.



The company handles a full range of WEEE and benefits from modern purpose built recycling equipment. It has an excellent fit with Viridor’s existing operations in the north west of England and in Scotland.



Colin Drummond, chief executive of Viridor said: ‘The UK’s waste strategy demands ever increasing levels of recycling, particularly now in the area of waste electrical and electronic equipment.



‘Shore has an excellent track record in leading the way in this market in the north of the UK and is well placed to capitalise on this opportunity. The acquisition has an excellent geographic and business fit with Viridor’s existing operations and is expected to be earnings enhancing before amortisation of intangibles in its first full year.’