Viridor buys plastics recycler

Archiv – United Kingdom | UK waste management company Viridor has acquired plastics reprocessor Intercontinental Recycling for a cash consideration of £8.1 million (US$ 14 million). The acquisition is in line with the company’s strategy of expanding its recycling and resource management activities.United Kingdom | UK waste management company Viridor has acquired plastics reprocessor Intercontinental Recycling for a cash consideration of £8.1 million (US$ 14 million). The acquisition is in line with the company’s strategy of expanding its recycling and resource management activities.
Headquartered at Skelmersdale in north-west England and employing some 60 people, Intercontinental Recycling processes high-density polyethylene and PET plastic bottles, such as those recovered by Viridor’s materials recycling facilities. These bottles are converted into pellets and flake ready for onward sale to plastic manufacturers mostly within the UK. The plant has the capacity to treat 40 000 tonnes of recovered plastics per annum.
Viridor’s Chief Executive Colin Drummond comments: ’The UK’s waste strategies demand ever-increasing levels of recycling, and plastics are an important and growing part of Viridor’s recycling business. Intercontinental Recycling has an excellent geographic and business fit with Viridor’s existing operations and is particularly well placed to receive volumes from the Viridor/Laing Greater Manchester PFI.’