The Netherlands – Waste management company Van Gansewinkel of the Netherlands is to be taken over by the UK’s Shanks Group for more than Euro 500 million.
The brand name Van Gansewinkel will be replaced by a new one that will be announced by the end of October. The company will save Euro 40 million through size reduction and an ‘unknown’ number of jobs will be lost. According to Van Gansewinkel’s ceo Marc Zwaaneveld, the new company has the ambition to become ‘Europe’s leader in recycling’.
The merger offers the opportunity to speed up separation of high-quality secondary materials from the waste stream and so help achieve circular economy targets. In the Netherlands, Shanks is already the third-largest waste management company, operating under various brand names such as Klok Containers, Icova and Van Vliet.