Fresh details of waste giant Veolia’s acquisition of wood and refuse-derived fuel company Boomeco have been released by the bought firm’s administrator.
Business advisory firm BDO announced on 8 January that all of Boomeco’s 24 members of staff will be transferred to Veolia, presumably including chief executive Oliver Latter.
BDO’s restructuring partners Simon Girling and Danny Dartnaill, appointed joint administrators over Boomeco on 18 December, said the firm’s Gloucestershire and Bristol sites were both being taken over by Veolia.
Girling said: “We are glad we have secured a sale to Veolia ES (UK), which is looking to carry on the business and develop it further within its own organisation.
“The successful sale of Boomeco will enable the continued production of renewable fuels and support existing customers in their drive to lower carbon emissions.”
As previously reported, Veolia’s UK chief operating officer, Gavin Graveson, has said the Avonmouth, Bristol site would become the firm’s “platform in the south-west for wood and RDF production”.
Boomeco had been operating since 2000.