Is Viridor being taken over?
On 1st September 2021 Biffa acquired the Viridor collections business and certain recycling assets. The acquisition means approximately 21,000 existing Viridor business waste customers transfer over to Biffa alongside a network of 15 depots across the UK.
Where is Viridor based?
Taunton, Somerset, UK
Viridor
| Type | Private limited company |
|---|---|
| Headquarters | Viridor House, Priory Bridge Road, Taunton, Somerset, UK |
| Number of locations | 320 facilities |
| Key people | Ian Wakelin (Board Chair) Kevin Bradshaw (Chief Executive Officer) Nick Maddock (Chief Financial Officer) Paul Ringham (Commercial Director) |
| Owner | KKR |
Who owns Viridor waste?
Kohlberg Kravis Roberts
Viridor’s owner, private equity firm Kohlberg Kravis Roberts (KKR), is reportedly looking to sell its waste and recycling subsidiary. News outlet Reuters reported that KKR has hired investment bank UBS to govern the sale. KKR completed the acquisition of Viridor in July for £4.2bn from the Pennon Group.
What do Viridor do?
Viridor is determined to play a leading role in transforming the waste sector so it can drive the creation of a net zero, circular economy by 2050. Once there was ‘waste’. Now society recognises that there are valuable resources that we must all challenge ourselves to recover.
Who brought Viridor?
The new owner of Viridor has set out its vision for the waste management firm following the completion of its £4.2bn acquisition. KKR has signalled that it will invest to boost recycling and energy recovery in the market.
Is Viridor a private company?
Viridor Waste Management Limited is a privately held company operates and offers recycling, renewable energy, and waste management services.
What will KKR do with Viridor?
The new owner of Viridor has set out its vision for the waste management firm following the completion of its £4.2bn acquisition. KKR has signalled that it will invest to boost recycling and energy recovery in the market. It has made Phil Piddington, formerly Viridor’s managing director, the new chief executive.
Does Pennon own Viridor?
On 28 May 2020, shareholders approved the sale of Viridor, Pennon’s recycling and residual waste business, to Planets UK Bidco Limited, an entity established by funds advised by Kohlberg Kravis Roberts & Co. L.P. (the Disposal). The sale is completed on 8 July.
What went wrong with Biffa?
A jury last week convicted Biffa guilty of 4 offences of exporting poorly-sorted household waste from its recycling facility at Edmonton in north London to Asia in 2018 and 2019. Investigators held 16 25-tonne containers at Southampton, but 26 more had already left the port.
Who started Biffa waste?
Biffa Waste Services first came into existence in 1912 when the company was called Richard Biffa Ltd. Richard Biffa Junior joined the business in the late 1950s, and then in the 1960s introduced the use of skip loader vehicles into the business, for the collection of commercial and industrial waste.
How do I get out of Biffa contract?
How do I cancel my contract? If you do need to talk to use about a change to your contract please email us on [email protected] or you can call us on 0800 601 601.