Waste handling group Cleanaway Waste Management will acquire the waste and recycling business and assets of Citywide Service Solutions Pty Ltd for $110 million. At the same time Cleanaway will enter into a 35-year lease for the waste transfer station located at 391-395 Dynon Road in West Melbourne. Citywide Waste provides waste management services to…
Cleanaway Waste Management has posted strong profit growth as its waste management services grow and the company reaps the benefits of its Blueprint 2030 restructuring platform. The company reported underlying EBIT profit of $173.9 million, up 25.7 percent on the previous corresponding period on revenue up 7.9 percent to $1.59 billion for the first half,…
Cleanaway Waste Management will acquire waste cooking oil collector and preprocessor Australian Eco Oils for $39 million. In FY24 the oils business is expected to generate annualised EBITDA profit of around $6 million. Operating throughout NSW, Queensland and Victoria, the company operates under the Scanline brand, and claims the most advanced collection technology, including containers,…
Waste handling group Cleanaway has experienced strong growth following its partially failed $2.5 billion takeover of the Australian operations of the Suez company. While the takeover did not go ahead, Cleanaway emerged with ownership of Suez’s Sydney Resource Network assets, which have been integrated into the business helping boost net revenue in the latest year…
Packaging group Pact Group and waste processing company Cleanaway today announced they would build Australia’s largest post-consumer polyethylene recycling plant converting locally collected kerbside materials into high quality food grade rHDPE and rPP resin. The $38 million project to be constructed at Laverton, Victoria will accelerate the inclusion of locally processed recycled resin into food,…
By Peter Roberts They say that France does not give up its own companies, nor their global assets very easily, mobilising its forces to stop foreign takeovers. Just such a thing – perhaps called France Inc – seems to have happened to Australia’s waste management and recycling company Cleanaway’s agreement to buy the recycling and…
Cleanaway Waste Management has agreed to buy the recycling and recovery businesses of Suez Groupe in Australia for $2.52 billion, subject to various conditions. The waste management and recycling company will buy what is a high quality, nationally vertically integrated waste management and environmental solutions business employing 2,000 people, according to Cleanaway. It includes six…
Uncertainties in the recycling sector did not prevent waste management group Cleanaway increasing revenue and profits during the year. The company reported EBITDA up 2.5 per cent in the first half to $234.6 million on sales up 4.1 per cent to $$1.19 billion. The company’s $671 acquisition of Toxfree Solutions and subsequent integration into the…
A beverage maker, packaging group and waste management company will jointly develop a plastic pelletising plant in Albury/Wodonga to close the loop and contribute to a circular economy. Pact Holdings, Cleanaway Waste Management and Asahi Beverages plan a facility to process up to 28,000 tonnes of plastic bottles and recyclables into flake and food grade…
Waste management and recycling company Cleanaway (ASX: CWY) has released a strong result for the 2019 financial year, with revenue and EBIT both up by more than 34 per cent. The company which has been expanding at a time when Australia faces a rising recycling task, reported EBIT of $217.6 million, up 45.7 per cent,…
