This strategic acquisition is another important development in our plans to strengthen our position as a major player in the commercial waste recycling market
Jean-Dominique Mallet, Veolia
The Bury firm, which employs 50 staff, currently processes more than 70,000 tonnes of paper and cardboard every year, as well as offering services relating to wood waste, plastic packaging and general office waste disposal.
C&C collects 80% of its material from commercial customers across the North-West and the purchase will add to Veolia's existing commercial waste recycling operations in the region.
In a statement, Veolia explained that the acquisition was “in line with its approach of building a nationwide network of strategically located commercial recycling facilities in the UK.”
Commenting on the purchase, Jean-Dominique Mallet, chief executive of Veolia Environmental Services' UK operations, said: “This strategic acquisition is another important development in our plans to strengthen our position as a major player in the commercial waste recycling market.
“It follows the successful acquisition of Midlands-based Hollands Recycling Ltd. and will further extend our pre-treatment compliance solutions in the light of recent government legislation, as well as boosting our internal recycling capacity.”
Veolia completed the purchase of Hollands Recycling in December 2006, in a deal that saw it add 50,000 tonnes of paper collection and bulking capacity to its operations (see letsrecycle.com story).
A spokesman for Veolia was today unable to reveal the cost of the agreement with C&C Recycling, stating that the information was “commercially sensitive”.
Earlier this year, Veolia Environmental Services' French parent company, Veolia Environnement, reported an increase in its net income for 2007, with its waste division – the second largest in the world – posting a 23.9% increase in operating income (see letsrecycle.com story).
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