Image: SUEZ.
Global waste and recovery company SUEZ has entered into an agreement to acquire Perth’s waste management service provider, Perthwaste for $87 million.
Under the acquisition, the company has control over two materials recycling facilities, an organics composting facility, two waste transfer stations, three depots and a landfill.
The buy-up is just the latest major acquisition of its kind from SUEZ, making it the second in the last four months after it acquired Sembcorp’s minority stake in its recycling and recovery activites and completed its acquisition of Pro Skips, a Queensland commercial and demolition business on the Gold Coast.
SUEZ’s acquisition of Perthwaste has followed very soon after the Western Australian government reappointed Perthwaste Green Recycling as a preferred supplier of Waste Disposal and Recycling Services.
Perthwaste Green Recycling has been a preferred supplier to the WA Government since 2011 and currently provides waste management services to a large number of government buyers including public hospitals, schools, cemeteries and major facilities.
Founded in 2001, Perthwaste is very well established in the Perth metropolitan area and in south-west Western Australia. The company has a strong industrial customer base and services a population of 760,000 people across numerous contracts with local authorities.
Perthwaste boasts extensive infrastructure assets including two materials recycling facilities, an organics composting facility, two waste transfer stations, three depots and a landfill. The company has a fleet of 68 trucks and is forecast to generate revenues above $50 million in 2016.
Senior Executive Vice-President in charge of the International Division of SUEZ, Marie-Ange Debon said the acquisition will strengthen SUEZ’s position in this promising market.
