SUEZ reintegrates major UK waste business after acquiring it back from Veolia
SUEZ recycling and recovery UK has a vast presence in the United Kingdom with more than 300 sites throughout the country and a portfolio of over 25,000 customers, from both the public and private sectors.
As a fully integrated business operating along the entire waste value chain — from collection, to processing, to energy recovery — SUEZ recycling and recovery UK occupies a unique position when it comes to new ways of treating waste in accordance with national policy and regulatory reforms.
The acquisition of SUEZ recycling and recovery UK is a major strategic step for the SUEZ Group. It will pave the way to:
- accelerate the growth of waste management activities, in particular by enhancing the Group's expertise in new treatment methods (material re-use, recycling, creation of alternative fuels and energy-from-waste).
- speed up the international growth and the increase in the share of revenues from international business from the current 25% to around 40% by 2027. This step follows the acquisition last October of EnviroServ, the leading waste management company in South Africa.
This acquisition brings around 6,000 employees into the SUEZ workforce. The business they operate generates an annual turnover of more than £900 million.
With the reintegration of SUEZ recycling and recovery UK, SUEZ reaffirms its commitment to one of the most important waste markets in Europe. SUEZ recycling and recovery UK has progressively transformed itself over the last few years with the development of recycling and waste recovery, particularly energy recovery. In a market that is undergoing major changes, this expertise will considerably strengthen the Group's leadership position in new waste treatment methods wherever we are.Sabrina Soussan Chairman , CEO of SUEZ
As a business, we have a wealth of expertise and knowledge in delivering new treatment infrastructure and transforming services, which we look forward to sharing with our new colleagues at SUEZ. Our return to the Group comes at a pivotal time for the UK resources sector, with the long-awaited detail of government reforms to extended producer responsibility and consistency in collections expected soon. Going into 2023, we are ready to rise to the challenge of delivering the infrastructure and services needed to make these reforms reality and move the UK further along the path to net zero.John Scanlon , Chief Executive Officer | SUEZ recycling and recovery UK