Biffa
The possible buyout proposal came from affiliates of a US equity firm
The company is allegedly in search of a buyer after key clients are considering exiting their contracts
The acquisition will expand Biffa’s industrial and commercial collections business and recycling capabilities in the UK
The waste included soiled nappies, tins, plastics, clothing and food packaging all labelled as paper to be sent to mills in India and Indonesia
Around 6,300 tonnes of grit, produced at water treatment works, have been processed into reusable material since April 2019
The acquisition is in line with Biffa’s strategy to grow its industrial and commercial operations and its ambition to create the UK’s most efficient, low carbon collection operation
The sustainable waste management company will support Nestlé Waters UK to achieve its commitment of making every BUXTON® bottle using 100% recycled PET
Located just off the M1 motorway in the East Midlands, the facility will be able to process up to 350,000 tonnes of non-recyclable waste annually
The waste management giant said it would seek to appeal against the verdict
The waste giant said it ‘strongly contested’ the decision and is considering making an appeal