Renewable energy and waste management company Viridor has bought a company providing waste logistics and transport solutions for the Lancashire PFI waste operation.
Viridor says it has acquired JWS Churngold for a total cash consideration of £14.25m on a debt-free basis as part of its strategy of expanding its activities, particularly in the contracts and recycling sectors.
JWS Churngold, based in Leyland, Lancashire, is the waste logistics and transport solutions provider under contract with Global Renewables Lancashire Operations, the contractor to the Lancashire PFI.
It transports waste from the Lancashire and Blackpool local authorities’ transfer stations to Global Renewables’ PFI treatment facilities at Thornton and Leyland and then carries materials for recycling or disposal.
JWS Churngold employs 38 people and operates a fleet of 26 vehicles, transporting up to 500,000 tonnes per annum of materials over the contract period.
Colin Drummond, chief executive of Viridor, above, said: “JWS Churngold’s operations in Lancashire fit well with our existing and planned operations in the north-west, including those associated with the Viridor/Laing Greater Manchester waste PFI. The acquisition is expected to be earnings enhancing in its first full year.”