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Biffa completes £2.6m acquisition

Biffa has completed its acquisition of waste collection and processing business Blakeley’s Recycling.

It bought the north-west firm, which was established in 1982, on 1 November for a cash consideration of £2.6m and assumed finance leases of £2.4m.

Blakeley’s Recycling employs more than 130 people at a site in Wigan, carrying out waste collection services for more than 3,500 customers. The waste giant has advised existing customers with legacy debt to contact the Wigan-based firm.

When it agreed conditional terms in September, Biffa said the business, which includes a collection depot and MRF, was 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 at the time: “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.”

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.

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