In order to give you the best experience, our website uses cookies. By continuing, you accept that you are happy for us to use these cookies. To get more information on the cookies used on our website please read our Cookie Policy.

Manage Cookies

 
In order to give you the best experience, our website uses cookies. The information does not usually directly identify you, but it can give you a more personalised web experience.

You can choose not to allow some types of cookies. Click on the different categories to find out more and change your default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.


Mandatory cookies

(Req)
These cookies are essential so that you can move around the website and use its features which cannot be switched off in our systems. They are set in response to actions made such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

These cookies are required

Performance cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site.


Marketing cookies

These cookies allow the website to remember choices you make to give you better functionality and personal features. All information these cookies collect is aggregated and therefore anonymous.
biffa trucks

Biffa acquires Weir Waste Services

17 August 2018

Acquisition of Weir Waste Services Limited for £16.2m

Biffa plc

(“Biffa” or “the Company”)

Biffa, a leading UK integrated waste management company, announces that it has today acquired Weir Waste Services Limited (‘WWS’ or ‘Weir Waste’), a leading provider of waste and recycling solutions in the Birmingham and the West Midlands region.

WWS has been acquired for a consideration plus debt taken on of c. £16.2m, funded from Biffa’s existing cash and debt facilities.

For the year ending 31st May 2017, WWS generated revenues of £16.1 million, had reported EBITDA of £2.2 million, operating profit of £1.1 million and gross assets of £14.5 million, and has a workforce of c. 120 people.

WWS is highly complimentary to Biffa’s existing business, combining a commercial collection businesses which serves c. 1,600 customer and operated a frontline fleet of c. 45 vehicles and a substantial recycling and waste treatment operation from a seven-acre freehold site at a key location in Birmingham.

The business will be incorporated into Biffa’s Industrial & Commercial division, enabling the combined business to improve its customer offer throughout Birmingham and the West Midlands and to deliver operational and procurement benefits. The addition of WWS’s recycling operations to Biffa will further enhance its recycling capabilities in the region.

 

Michael Topham, Chief Financial Officer and CEO – designate of Biffa, said:

“The acquisitions we have announced today demonstrate our ongoing ability to identify and execute value accretive acquisitions across the UK.

The Weir Waste business significantly strengthens our presence and customer offer in Birmingham and the Midlands while the other acquisitions further enhance our platform in their respective markets.

We welcome the staff and customers of these businesses to Biffa.”

 

Ian Wakelin, Chief Executive Officer

Michael Topham, Chief Financial Officer

ir@biffa.co.uk

 

Instinctif Partners       +44 (0) 20 7457 2020

Mark Garraway           +44 (0) 7771 860 938

Helen Tarbet               +44 (0) 7825 609 737

James Gray                +44 (0) 7583 936 031

biffa@instinctif.com