Augean has bought a Biffa site in East Anglia to support a new waste contract with an oil and gas operator in the North Sea.
In January, Augean North Sea Services (ANSS) began providing production waste management and onshore industrial services, based at Harfreys Industrial Estate in Great Yarmouth.
Augean says the new site, which already holds relevant planning and environmental permits, was purchased for £500,000, plus associated taxes and fees, from a waste management company.
It was previously a Biffa transfer station facility and the selling company said: ”The sale is in line with Biffa’s stated strategy of realising synergies and efficiencies from acquisitions across all its operations.”
Announcing the purchase, a company statement said: “This site will enable ANSS to supplement those services already provided to customers in the northern and central North Sea, which will continue to be mainly delivered from Aberdeen.
“The successful move of our North Sea services business into the provision of production waste management and onshore industrial services to major oil and gas operators represents a significant diversification into a more stable sector of this market.”
Dr Stewart Davies, Augean chief executive, said the purchase of the Great Yarmouth site was significant for the group as a specialist waste management provider.
“The group’s customer base continues to expand across a diversified range of sectors which, along with the quality and length of our contracts, underpins our position as we move through 2016.”
Preliminary results for the year ended 31 December 2015 are due on 22 March.