Joint venture AmeyCespa has acquired waste management firm Donarbon for £48.6m.
AmeyCespa hopes the buyout will strengthen its commitment to the UK’s waste sector and increase its presence across the UK.
Donarbon owns waste treatment facilities and a landfill operation in Cambridgeshire. In addition, it has two waste transfer stations, nine household waste recycling centres and other industrial and commercial services across the Eastern region of the UK.
Amey chief executive Mel Ewell said: “AmeyCespa is using the combined experience of Cespa in the waste sector and Amey’s knowledge of providing public services in the UK to grow its presence across the UK.”
The transaction means that AmeyCespa will now work with Donarbon’s management team on its 28-year waste management PFI contract with Cambridgeshire County Council, which is worth £730m.
Ewell added: “We very much look forward to working with Cambridgeshire County Council and the local community to deliver a first-class waste management service over the next 28 years.”
Donarbon Group director Mark Davenport will transfer to AmeyCespa and run the business. “AmeyCespa will bring a wealth of waste management experience and best practice to Cambridgeshire,” he commented. “I look forward to working with everyone at AmeyCespa, as it’s not only excellent news for the development of our employees but for the region as a whole.”