SUEZ acquires Perthwaste for $87 million
French utility company SUEZ has entered into an agreement to acquire Perthwaste, a leading waste management service provider in Western Australia, for $87 million.
Founded in 2001, Perthwaste is well established in the Perth metropolitan area and in south-west Western Australia. With two materials recycling facilities, an organics composting facility, two waste transfer stations, three depots, a landfill and a fleet of 68 trucks, the company services a population of 760,000 people across numerous contracts with local authorities.
Marie-Ange Debon, senior executive vice-president in charge of the International Division of SUEZ, said the acquisition will strengthen the company’s position in the market, forming a close fit with the waste collection, recycling and re-use solutions that SUEZ delivers to local authorities and industry in Western Australia.
“The activities of Perthwaste and SUEZ form a very close fit,” she said. “The united strengths of the combined waste management facilities, fleet and experienced people will speed up our growth and business development in this high-potential market.”
This acquisition is subject to the approval of the Australian Foreign Investment Review Board and the Australian Competition and Consumer Commission.
New partnership to focus on textile recycling
Textile Recyclers Australia has joined forces with the ARC Research Hub for Microrecycling of...
TerraCycle marks a decade of recycling in ANZ
During its time in the region, the Australian and New Zealand TerraCycle network has grown from...
UNSW innovation extends the life of plastic waste
The new method, which also removes dyes from the original plastic waste, has attracted the...