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Veolia snaps up part of TEG Group

Veolia has bought a composting company from the administrators of the troubled TEG Group.

Simpro is an open air windrow composting business with a workforce of 10 across six sites in the West Midlands.

MRW reported in June 2010 that Simpro would operate as a standalone company after TEG paid £6m for its processing capacity of 180,000 tonnes a year.

In November, TEG said it was looking to sell its entire operating division. On 19 December, the board said it was unable to secure further funding and, following discussions with its lenders, had appointed administrators at Deloitte.

TEG claimed it was owed £2.8m by construction company Costain as part of the Greater Manchester waste contract but was unable to negotiate an exit from the contract.

Veolia, which has not disclosed the purchase price, says Simpro will continue to operate uninterrupted and the 10 employees would be joining the Veolia group.

Gavin Graveson, Veolia chief operating officer public and commercial in the UK, said: “This acquisition is in line with our core circular economy strategy to manufacture green products, and it extends our composting network to 14 sites across the UK.

“We are delighted to strengthen our position in this marketplace and offer an extended range of services to our customers in the Midlands.”

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