The news had been expected after the firms announced they were in discussions over a joint venture in July (see letsrecycle.com story)
Day to day running of the company Tradebe Healthcare Holdings Ltd – will be managed by Tradebe and will offer specialist collections and disposal services for chemically and biologically contaminated material and sharp implements.
The company will operate three high temperature incinerators and six alternative technology facilities for standard orange bag waste.
Spanish owned Tradebes clinical waste division Tradebe Healthcare – was formed in January 2011, with the purchase of Doncaster-based Britcare, in a deal worth in excess of 3.5 million. The company then strengthened its healthcare offering with the purchase of Ecowaste Southwest, which is headquartered in Avonmouth, in August 2012.
Tradebe
‘SITA UK brings a wealth of commercial experience and this is a great opportunity to use the strengths of both businesses and introduce synergies at a high level.’
David Palmer-Jones, SITA UK
It currently operates from sites in Doncaster, Birmingham and Bristol, as well as operating the Fawley hazardous waste incinerator in Hampshire, and has a licensed treatment capacity of 35,000 tonnes per year. Clients include a number of NHS trusts, as well as hygiene customers and pharmaceutical organisations.
Commenting on the formation of the joint venture, Richard Brown, Tradebes healthcare general manager, said: The creation of the joint venture provides us with an excellent opportunity to grow the business. We are combining the strength of Tradebes alternative technology processing with SITA UKs high temperature incineration plants, which means we will be one of only two clinical waste companies in the UK to be able to offer both disposal options. We will also be able to serve customers across the whole of England and Wales.
SITA UK Healthcare which has sites in Redditch, London, Sevenoaks and Stafford, specialises in the collection, treatment and disposal of clinical waste from organisations including hospitals, clinics, dentists and nursing homes, from locations nationwide.
Acquisitions
Its portfolio grew significantly in December 2009, with the integration of specialist healthcare waste treatment firm Polkacrest, which it gained following the acquisition of shares in LondonWaste by the North London Waste Authority in November 2009.
David Palmer-Jones, chief executive of SITA UK, said: Combining the two companies expertise into a specialist clinical waste management company will further enhance the service we provide for customers. SITA UK brings a wealth of commercial experience and this is a great opportunity to use the strengths of both businesses and introduce synergies at a high level. We will also offer recycling and general waste of non-clinical waste, which means we can provide customers with a total waste management solution.
Both companies are members of the Sanitary Medical Disposal Services Association (SMDSA), the trade association for healthcare waste treatment companies.
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