The decision was announced today by Australian-headquartered Brambles which has already sold the German division of Cleanaway and now is to end its involvement with the waste management sector.
In the future, Brambles will focus on its document management and pallet businesses – Recall and Chep respectively.
The chief executive officer of Brambles, David Turner, said: “The decision to focus on CHEP and Recall through the divestment of Cleanaway, Brambles Industrial Services and the regional businesses is a significant event in the development of Brambles which will allow us to further optimise capital allocation and maximise value for Brambles' shareholders.”
Talks
A sale of Cleanaway in the UK has been long-expected and it is thought the company had quite recently had been involved in talks with at least one other major waste company. Over the past few years the company has seen a number of high level management changes. Estimates of a possible sale price are put at in excess of 550 million.
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In the UK the company employs about 9,000 people at more than 200 sites. Its work ranges from hazardous waste treatment, recycling and waste disposal through to municipal services including a sizeable landscape division.
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