EMW acts on £16 million sale of Community Waste Recycling to Viridor
We have acted on the £15.75 million sale of Community Waste Recycling Limited, a London-based specialist materials recycling and paper trading company, to Viridor, one of the UK’s leading recycling, renewable energy and waste management companies.
Viridor is part of the FTSE-250 Pennon Group.
Community Waste Recycling is the third fastest growing company within the recycling sector, according to the Chartered Institution of Wastes Management. The company processes 90,000 tonnes of materials per annum, and employs 163 staff.
Community Waste Recycling operates advanced automated Materials Recycling Facilities (MRF) in Milton Keynes and Enstone (North West of Oxford), handling large volumes of municipal, commercial and industrial waste to produce a range of high quality materials. The company has long and medium-term contracts with local councils. Comments Ian Morris, Principal at EMW: “We are very pleased to have represented Community Waste Recycling on such an important transaction. The sale will allow it to continue its growth under the wing of a leading supplier of quality recycled material for both the UK and international markets. We wish them all the best in their new venture.”
“We feel that our appointment to advise on the sale is the reflection of Community Waste Recycling’s satisfaction with the work we undertook for them over the last 24 months. It also shows their trust in the breadth and depth of experience that we have in the waste and recycling sector.”
In 2009 we were appointed as the lead legal advisor to the Chartered Institution of Wastes Management, the UK’s leading membership organisation for professionals in the Waste Management Industry, tendering against several national and large international law firms.
We also count among our clients the Waste Management Industry Training and Advisory Board, Wastepak, Biowaste, Navitus and Autogreen.
The EMW team advising Community Waste Recycling was led by Principal Ian Morris, Senior Associate Simon Arkell and Jeremy Eden, Solicitor. Viridor was advised by Exeter-based law firm Ashfords.