Viridor buys Thames to expand landfill and power capacity
Viridor Waste Management Ltd, has bought Thames Waste Management Ltd for a cash consideration of £30.5 million. The deal was completed on Tuesday, and the business will be integrated into Viridor's southern regions division.A spokesperson for Viridor told edie that the business will carry on operating as Thames Waste Management for the time being but would be subject to staffing and structure reviews on an ongoing basis over the next three months.
The acquisition is in line with Viridor's stated strategy of expanding its waste management activities. Thames Waste is based in Leatherhead and consists of:
- a landfill inside the M25 near Croydon, with 4 million cubic metre consented capacity;
- two landfill gas power generation schemes totalling 5MW capacity; and
- four liquid waste treatment plants along with an associated tanker fleet.
As a result of the deal, Viridor's consented landfill capacity increases to 83 million cubic metres and its power generation capacity to 45MW. The liquid waste treatment operations are similar to Viridor's existing operation in Sheffield and are expected to benefit as liquids are diverted from landfill under the requirements of the EU Landfill Directive.
Commenting on the acquisition, Colin Drummond, Chief Executive of Viridor Waste, said: "This acquisition fits very well with Viridor Waste's strategy of expanding its landfill, power generation and waste treatment activities."
Viridor is a subsidiary of Pennon Group. Thames Waste Management is a subsidiary of German utility firm RWE Umwelt AG.
By David Hopkins