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.
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