News & Blogs

Viridor Acquires JWS Churngold

November 18, 2011

Leading UK recycling, renewable energy and waste management company, Viridor, has acquired JWS Churngold Limited for a total cash consideration of £14.25m on a debt-free basis.  The acquired company is based in Leyland, Lancashire and provides waste logistics and transport solutions in connection with the Lancashire Private Finance Initiative (PFI) waste contract. The acquisition is in line with the company’s strategy of expanding its activities, particularly in the contracts and recycling sectors.

JWS Churngold is the waste logistics and transport solutions provider under contract with Global Renewables Lancashire Operations Limited, the 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’ PFI treatment facilities at Thornton and Leyland, plus the onwards transfer of all materials for recycling or disposal.

The acquired company 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 acquisition, Colin Drummond, Chief Executive of Viridor said, “We welcome our new colleagues in the North West. JWS Churngold’s operations in Lancashire fit well with our existing and planned operations in the north west, including those associated with the Viridor/Laing Greater Manchester waste PFI.  The acquisition is expected to be earnings enhancing in its first full year.”

SHARE THIS


Leave a Reply

Your email address will not be published. Required fields are marked *


− 1 = six

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

LATEST TWEETS

FOLLOW US @viridorUK

 

Reinforcing safe working practices across Viridor #safetytip Don't take risks. #worksafe https://t.co/4WtGw5vyuX

@SiPugs Sorry your experience has not been good. I understand that we have been trying to assist you & a call with you is being arranged

@TDBATaunton Viridor proud to have been shortlisted for the Corporate Social Responsibility Business Award #TDBA2016 https://t.co/xzo02upzYD

Reinforcing safe working practices across Viridor #safetytip Don't take risks. #worksafe https://t.co/V909h45YT4

<% end_control %>