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Acquisition

1st Nov 2016 11:49

RNS Number : 0072O
Biffa plc
01 November 2016
 

 

 

Biffa plc ("Company")

 

Completion of acquisition of Blakeley's Recycling Ltd

 

 

Biffa plc, a leading UK integrated waste management company, announces that on 1 November 2016 it completed the acquisition of the business and assets of Blakeley's Recycling Ltd.

 

With this acquisition, the Company significantly enhances its waste collection and processing business in the North West of England. Blakeley's Recycling Ltd operates from a large, modern and well positioned facility, carrying out waste collection services for over 3,500 customers. The business, including the collection depot and processing facility will be fully integrated into Biffa's Industrial and Commercial Division, and has targeted annual revenue of £7m.

 

The Company acquired Blakeley's Recycling Ltd for a cash consideration of £2.6 million and assumed finance leases of £2.4 million.

 

 

 

Enquiries:

 

 

Investors

Peter Langdon

Biffa plc

+44 (0) 1494 521 221

 

Media

Instinctif Partners

+44 (0) 20 7547 2020

Mark Garraway

Helen Tarbet

James Gray

 

 

Cautionary statement regarding forward-looking statements

Biffa cautions investors that any forward-looking statements or projections made by Biffa, including those made in this announcement are subject to the usual risk factors and uncertainties associated with the Company's business, that may cause actual results to differ materially from those projected. Whilst the Company believes the expectations reflected herein to be reasonable in light of the information available to them at this time, the actual outcome may be materially different owing to factors beyond the Company's control or within the Company's control. Accordingly no reliance may be placed on the figures contained in such forward-looking statements.

 

 

Registered in England and Wales:

10336040

 

Registered office at:

Coronation Road

Cressex

High Wycombe

Buckinghamshire

HP12 3TZ

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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