Viridor acquires waste management company Adapt Recycling Ltd

Viridor announced it has acquired the north-west independent integrated recycling and waste management operator Adapt Recycling Ltd.  The acquisition is in line with Viridor’s parent company; Pennon Group’s, stated strategy of expanding its waste management activities, particularly in the areas of recycling, waste treatment and disposal.

Adapt Recycling is headquartered in Bury and processes comingled recyclate primarily consisting of plastics, cans and glass. It also bales some mixed paper grades. It employs 20 people and handles approximately 25,000 tonnes of material per annum. Viridor has complementary recycling, transport and disposal assets in the operating areas.  The operations will be integrated into Viridor’s Northern region and will trade as Viridor Waste (Adapt) Ltd.

Mark Burrows Smith, Director of Viridor North said the UK’s waste strategies are demanding ever-increasing levels of recycling to meet waste targets. The Greater Manchester region is a key operational area in Viridor’s business and the acquisition of Adapt Recycling in Bury will strengthen the firm’s position as a leading operator in the region, said Smith.

Smith further reiterated that Viridor’s acquisition of Adapt Recycling is a positive step forward in expanding business in the key recycling areas, noting that the firm looks forward to welcoming and working with its new colleagues from Adapt.

The acquisition fits with Viridor’s strategy of expanding its materials recycling capacity, particularly where there are synergies with existing assets.  It will further strengthen Viridor Resource Management’s position as a leading supplier of quality recyclate volumes for UK and international markets.

Simon Jones, Owner of Adapt Recycling, said he was delighted that Viridor has been able to secure the acquisition of Adapt.  This is good news for employees, customers, suppliers and all other stakeholders in the business, and will allow the business to grow, he noted. Viridor is one of the UK’s leading recycling, renewable energy and waste management companies.

As a market leader in recycling and reuse of waste, Viridor partners local councils, helping them to meet waste prevention, recycling and landfill diversion targets. It also provides the private sector with integrated recycling, waste management and specialist solutions. Viridor is owned by Pennon Group, a FTSE 250 British based plc focused on the water and waste management industries.

Viridor also supports Viridor Credits, an independent organization which distributes funds to support environmental and community projects that Viridor would otherwise pay on landfill tax. It also operates a range of sites including 20 Materials Recycling Facilities, 2 Energy from Waste plants and 22 Landfills.

23 Dec 2010.