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. SWRNewstar, which was formed in 2017 through a merger of the waste brokerage businesses Specialist Waste Recycling and New Star Environmental, has been acquired by Biffa for around £25.8m. This is the latest move in the waste management company’s aggressive acquisition strategy, which saw the firm buy seven waste companies last year following its listing […]
Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business.
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.