Viridor: Difference between revisions

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reflects major changes as the result of the sale of the business to KKR
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Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: [[Churngold]] in 2003, [[Wyvern Waste Services Limited]] in 2006, [[Thames Waste Management]] in 2004, [[Enviroscot Ltd]], [[Brett Waste Management]] and [[Terry Adams Ltd]].
Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: [[Churngold]] in 2003, [[Wyvern Waste Services Limited]] in 2006, [[Thames Waste Management]] in 2004, [[Enviroscot Ltd]], [[Brett Waste Management]] and [[Terry Adams Ltd]].


The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>.
The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their [[EfW]] business and associated [[Plastics Recovery Facility|plastics recycling]] business<ref>[https://www.viridor.co.uk/who-we-are/latest-news/2021-news/viridor-agrees-to-sell-collections-business-and-majority-of-recycling-locations/ Viridor News Item]</ref>. The divestment of the following parts of the business have been concluded:
 
* May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding [[Crayford MRF]]) to [[Biffa]] which was completed in September 2021<ref>https://www.biffa.co.uk/viridor</ref>
In May 2021 Viridor announced the sale of their collections business and the majority of their recycling locations to [[Biffa]] leaving them to focus on their [[EfW]] business and associated [[Plastics Recovery Facility|plastics recycling]] business<ref>[https://www.viridor.co.uk/who-we-are/latest-news/2021-news/viridor-agrees-to-sell-collections-business-and-majority-of-recycling-locations/ Viridor News Item]</ref>
* December 2021 [[Equitix]] acquired a 20% stake in [[Viridor Energy]], comprising 11 [[EfW]] assets of the original Viridor business<ref>https://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/</ref>
*January 2022 Viridor announced the sale of their [[Crayford MRF]] to [[N+P Group]]<ref>https://resource.co/article/viridor-sells-crayford-mrf-np</ref>
* March 2022 Viridor completed the sale of their [[Landfill]] and [[Landfill Gas]] business, in its entirety, to [[Frank Solutions Ltd]]<ref>https://www.letsrecycle.com/news/viridor-sells-landfill-business/</ref>


In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows:
In 2017/18 the relative position of the top 5 waste companies<ref>https://www.statista.com/statistics/298437/revenues-of-leading-uk-waste-management-services/</ref>, by turnover, was as follows:
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==Viridor Entities Listed on WikiWaste==
==Viridor Entities Listed on WikiWaste==
The divestment of the Viridor businesses set out above has not yet been fully consolidated/reflected in the entities set out below. primarily as a result of the changes not yet being fully reflected in the waste return data.
*[[Viridor Waste Management Ltd]]  
*[[Viridor Waste Management Ltd]]  
*[[Viridor Waste (Somerset) Ltd]] (previously [[Wyvern Waste Services Limited]])
*[[Viridor Waste (Somerset) Ltd]] (previously [[Wyvern Waste Services Limited]])

Revision as of 16:26, 6 April 2022

Viridor logo from website
Viridor logo from website

Viridor is one of the major waste and recycling companies in the UK, working with more than 150 Local Authority and corporate clients, with over 3,000 staff working from over 300 facilities spanning recycling, energy recovery and landfill[1].

History

Pennon emerged from the privatisation of the utility elements of the South West Water Authority in 1989. Pennon acquired Haul Waste Ltd in 1993 from English China Clay and Blue Circle Waste Management in 1995, merging it and Haul Waste Ltd under its new name, Viridor, in 1998.

Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: Churngold in 2003, Wyvern Waste Services Limited in 2006, Thames Waste Management in 2004, Enviroscot Ltd, Brett Waste Management and Terry Adams Ltd.

The sale of Viridor to Kohlberg Kravis Roberts (KKR) by Pennon was announced in March 2020 for £4.2bn[2] and completed in July 2020[3]. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their EfW business and associated plastics recycling business[4]. The divestment of the following parts of the business have been concluded:

In 2017/18 the relative position of the top 5 waste companies[9], by turnover, was as follows:

Company Turnover million GBP
Veolia 1,500
Biffa 1,077
Suez 798
Viridor 789
FCC 670

Viridor Entities Listed on WikiWaste

The divestment of the Viridor businesses set out above has not yet been fully consolidated/reflected in the entities set out below. primarily as a result of the changes not yet being fully reflected in the waste return data.


References