Biffa has acquired Weir Waste Services who provide waste and recycling solutions in Birmingham and the West Midlands region. WWS has been bought for a consideration plus debt of£16.2m, funded from Biffa’s existing cash and debt facilities. The business will be incorporated into Biffa’s industrial & commercial division, enabling the combined business to broaden its customer offering throughout Birmingham and the West Midlands. WWS presently combines a commercial collection business which serves some 1,600 customers, and operates a frontline fleet […]
The European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]
Biffa’s acquisition of Specialist Waste Recycling (SWRNewstar), announced today (12 March), has raised questions about the future of the firm’s national network of haulage subcontractors.
Waste collection company Biffa is set to return to the London Stock Exchange on Thursday (20 October) for the first time in eight years.