The company was formed in 1956 as Harrison Western Limited, later becoming Haul Waste Limited. Haul Waste became part of Pennon in 1993,[1] and grew by purchasing companies in the waste collection and landfill disposal market.[1]
In 1995 it bought Blue Circle Waste Management, bringing about South West Water's name change to Pennon Group in 1998, and the merger of Haul Waste and Blue Circle Waste Management under Viridor. It subsequently acquired part of Churngold's waste business in June 2003, Thames Waste Management in 2004,[2]SomersetLAWDC Wyvern Waste in 2006,[3] Grosvenor Waste Management[4] and Skipaway Holdings in 2007,[5] and Shore Recycling in 2008.[6] Later in 2015 Viridor took over the collection side of Dorset based waste company Commercial Recycling.
Today the business is valued at around £4 billion,[7] with recent acquisitions and growth focused on expanding the company's recycling and energy from waste capacity. Viridor was awarded the Greater Manchester Waste Disposal Authority's Waste PFI contract, the largest waste and renewable energy contract in the UK.[8]
On 12 August 2010, the company was featured on Channel 4 documentary Undercover Boss,[9] in which Chief Executive Colin Drummond went undercover as a new recruit inside the company.
In March 2020, KKR agreed terms to buy Viridor in a £4.2 billion deal.[10][11] The transaction was completed on 8 July 2020.[12]
Viridor Creditsedit
As part of the Landfill Communities Fund tax credit scheme, Viridor created the Viridor Credits scheme which in 2001 to distribute funds to communities for heritage and biodiversity projects.[13] It reported £7.6m in grants in 2017/18.[13]
^"Recycling and Waste Management News". letsrecycle.com.
^. Archived from the original on 23 February 2014. Retrieved 1 April 2015.
^"Pennon buys recycle firm for £23m". BBC News. 25 March 2008.
^"Talk grows of Viridor sale - letsrecycle.com". www.letsrecycle.com. Retrieved 16 January 2020.
^State of the Art Technology for Greater Manchester, www.gmdwa.gov.uk, Retrieved 19 October 2007
^Channel 4 - Undercover Boss Series 2 Episode 5 Retrieved 12 August 2010
^"Pennon sells waste business Viridor to private equity firm KKR in £4.2bn deal". City AM. 18 March 2020.
^"Proposed Sale of Viridor for £4.2 billion to KKR". Pennon Group.
^"KKR to buy recycling group Viridor in £4.2bn deal". Financial Times. 18 March 2020. Archived from the original on 10 December 2022.
^ ab"Viridor Credits". Viridor. Retrieved 8 March 2020.
External linksedit
Wikimedia Commons has media related to Viridor.
Official website
January 01, 1970
viridor, limited, from, latin, become, green, recycling, renewable, energy, waste, management, company, united, kingdom, owned, limitedcompany, typesubsidiaryindustrywastefounded1956headquarterstaunton, englandnumber, locations320, facilitieskey, peopleian, wa. Viridor Limited from the Latin to become green is a recycling renewable energy and waste management company in the United Kingdom owned by KKR Viridor LimitedCompany typeSubsidiaryIndustryWasteFounded1956HeadquartersTaunton EnglandNumber of locations320 facilitiesKey peopleIan Wakelin Chairman Kevin Bradshaw Chief Executive Officer Revenue 672 million 2023 Net income 167 million 2023 ParentKKRWebsitewww wbr viridor wbr co wbr uk Viridor waste to energy plant in Ardley Oxfordshire Viridor waste collection truck in Plymouth Contents 1 History 2 Viridor Credits 3 References 4 External linksHistory editThe company was formed in 1956 as Harrison Western Limited later becoming Haul Waste Limited Haul Waste became part of Pennon in 1993 1 and grew by purchasing companies in the waste collection and landfill disposal market 1 In 1995 it bought Blue Circle Waste Management bringing about South West Water s name change to Pennon Group in 1998 and the merger of Haul Waste and Blue Circle Waste Management under Viridor It subsequently acquired part of Churngold s waste business in June 2003 Thames Waste Management in 2004 2 Somerset LAWDC Wyvern Waste in 2006 3 Grosvenor Waste Management 4 and Skipaway Holdings in 2007 5 and Shore Recycling in 2008 6 Later in 2015 Viridor took over the collection side of Dorset based waste company Commercial Recycling Today the business is valued at around 4 billion 7 with recent acquisitions and growth focused on expanding the company s recycling and energy from waste capacity Viridor was awarded the Greater Manchester Waste Disposal Authority s Waste PFI contract the largest waste and renewable energy contract in the UK 8 On 12 August 2010 the company was featured on Channel 4 documentary Undercover Boss 9 in which Chief Executive Colin Drummond went undercover as a new recruit inside the company In March 2020 KKR agreed terms to buy Viridor in a 4 2 billion deal 10 11 The transaction was completed on 8 July 2020 12 Viridor Credits editAs part of the Landfill Communities Fund tax credit scheme Viridor created the Viridor Credits scheme which in 2001 to distribute funds to communities for heritage and biodiversity projects 13 It reported 7 6m in grants in 2017 18 13 References edit a b History Pennon Group LetsRecycle org is for sale on biix Lets Recycle www biix com PNNEUR DEp Reuters Recycling and Waste Management News letsrecycle com Pennon Group s Viridor acquires UK waste management company for 14 7m Archived from the original on 23 February 2014 Retrieved 1 April 2015 Pennon buys recycle firm for 23m BBC News 25 March 2008 Talk grows of Viridor sale letsrecycle com www letsrecycle com Retrieved 16 January 2020 State of the Art Technology for Greater Manchester www gmdwa gov uk Retrieved 19 October 2007 Channel 4 Undercover Boss Series 2 Episode 5 Retrieved 12 August 2010 Pennon sells waste business Viridor to private equity firm KKR in 4 2bn deal City AM 18 March 2020 Proposed Sale of Viridor for 4 2 billion to KKR Pennon Group KKR to buy recycling group Viridor in 4 2bn deal Financial Times 18 March 2020 Archived from the original on 10 December 2022 a b Viridor Credits Viridor Retrieved 8 March 2020 External links edit nbsp Wikimedia Commons has media related to Viridor Official website Retrieved from https en wikipedia org w index php title Viridor amp oldid 1191878136, wikipedia, wiki, book, books, library,
