News

Veolia Environmental Services has acquired Bury-based recycling company C&C Recycling for a seven-figure sum.

The acquisition is part of Veolia's strategy to expand its network of commercial recycling facilities in the UK.

C&C Recycling processes more than 70,000 tonnes of paper and cardboard a year and collects 80% of its material from commercial customers throughout the North West.

Jean-Dominique Mallet, chief executive of Veolia Environmental Services, said: "This strategic acquisition is another important development in our plans to strengthen our position as a major player in the commercial waste recycling market.

"It follows the successful acquisition of Midlands-based Hollands Recycling and will further extend our pre-treatment compliance solutions in the light of recent government legislation, as well as boosting our internal recycling capacity."

In the UK, Veolia Environmental Services serves 73,000 commercial and industrial customers and reported revenue of £1.2bn in 2007.