Bingo Industries acquired Dial-a-Dump for $578m.

Bingo Industries acquired fully integrated NSW waste and recycling business Dial A Dump Industries for $578m. It comes as Bingo Industries released its full-year results (more to come on this). According to an ASX statement, consideration for the acquisition will comprise $378m in cash and $200m in Bingo shares to be issued to vendors of Dial A Dump Industries Group (DADI Group) after the acquisition is completed. "This acquisition will allow us to realise our vision for our world-class Recycling Ecology Park at Eastern Creek. This multi-million dollar development will expand our waste processing capability, increasing recovery rates for customers and producing more recycled products." reported Bingo Industries.