Biffa to acquire collections business and certain recycling assets of KKR-backed Viridor for $178m.

Biffa, a waste management company, agreed to acquire collections business and certain recycling assets of KKR-backed Viridor, a recycling, renewable energy and waste management company, for $178m. “The acquisition of Viridor’s Collections business, and certain Recycling assets, is a compelling opportunity for Biffa. The addition of Viridor’s $120m collections revenues builds on the Group’s strong track record as the leading market consolidator in the highly fragmented I&C collections market. In addition, the acquired recycling and treatment assets broadens our coverage and control of materials, strengthening Biffa’s position as one of the largest recyclers of post-consumer materials in UK," Michael Topham, Biffa CEO.