Viridor acquires JWS Churngold to expand contractor coverage
Viridor has acquired JWS Churngold, a Lancashire-based waste logistics and transport specialist, for £14.25m on a debt-free basis.
The acquisition is in line with Viridor's strategy of expanding its activities, particularly in the contracts and recycling sectors. JWS Churngold is currently under contract with Global Renewables Lancashire Operations, contractor to the Lancashire waste management PFI.
It provides transportation of all waste derived from the Lancashire and Blackpool local authorities' transfer stations bound for Global Renewables' treatment facilities at Thornton and Leyland, plus the onwards transfer of all materials for recycling or disposal.
JWS employs 38 people and operates a fleet of 26 vehicles, transporting up to 500,000 tonnes per annum of materials over the contract period.
Commenting on the deal, Viridor's chief executive Colin Drummond said: "JWS Churngold's operations in Lancashire fit well with our existing and planned operations in the Northwest, including those associated with the Viridor/Laing Greater Manchester waste PFI. The acquisition is expected to be earnings enhancing in its first full year."