17 August 2018 – acquisition
The company. which is a leading waste management group, has announced the acquisition of Weir Waste Services Limited, a leading provider of waste services in Birmingham and the West Midlands. The business is highly complementary to Biffa’s existing business, combining a commercial collection business serving some 1,600 customers with a substantial waste recycling and waste treatment operation. The cost of the acquisition is £16.2m including debt taken on which has been funded through its own cash resources. In addition, Biffa has announced that it has made another three smaller bolt-on acquisitions for a cost of £3.9m. These are in Cornwall, Scotland and East London and will help the group’s expansion. We continue to find shares in the company ATTRACTIVE.