The Netherlands – Waste management and recycling major Shanks has received all necessary approvals from the Dutch competition authorities in relation to the proposed merger with the Van Gansewinkel Group.
The completion process ahead of the unveiling of the combined group will take around two weeks. The merger is expected to deliver Euro 40 million of cost synergies.
‘We will be launching a fresh new brand that captures our heritage and reflects our future vision,’ stresses Shanks’ ceo Peter Dilnot. According to Shanks, this strategic deal will bring two strong companies together to create ‘a new international waste-to-product leader at the heart of the emerging circular economy’.
The combined group will operate across nine countries, offering ‘unique capabilities and the scale, capability and expertise to grow profitably over the longer term’, it is stated.
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