Biffa to acquire Company Shop for $124m.

Biffa, a waste management company, agreed to acquire Company Shop, a redistributor of surplus food and household products, for $124m. "The acquisition of Company Shop Group strengthens Biffa's leadership position in the UK circular economy. Its redistribution services complement Biffa's established waste and recycling services, and supply of closed loop recycled raw materials. As the only commercial redistributor of scale in the UK, Company Shop Group is the market-leader in a growing sector, with a strong, credible growth plan which we will deliver together. Biffa and Company Shop Group share a common set of goals, including the continued development of profitable, sustainable waste management solutions while making a meaningful contribution to society," Michael Topham, Biffa Chief Executive.