Biffa has agreed conditional terms to acquire the waste collection and processing business Blakeley’s Recycling.
The acquisition of the north-west firm, which was established in 1982, is planned to be completed on 1 November.
Biffa says the business, which includes a collection depot and MRF, is expected to add more than £7m to its annual revenue once it has been fully integrated into Biffa’s industrial and commercial division.
Ian Wakelin (pictured), Biffa chief executive, said: “This transaction provides further demonstration that Biffa is a natural consolidator in the industry, with the technology, scale, reputation and expertise to grow and build on its market-leading positions in the UK.
“We look forward to welcoming Blakeley’s people to Biffa, and to working together to provide our customers with a best in class service.”
Blakeley’s Recycling employs more than 130 people at a site in Wigan, carrying out waste collection services for more than 3,500 customers.
Biffa has completed 20 acquisitions since December 2013 for a total consideration of £53.4m, including Shanks’ UK solid waste business and Cory Environmental Municipal Services.
The company recently announced its intention to float on the stock exchange in October, in a move which City experts said would value the company at £1bn and provide an additional £270m in cash for expansion.