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CLEANAWAY Waste Management (ASX:CWY) has acquired commercial waste collection business Waste 2 Resources in Brisbane.
The Melbourne-based company will secure 27 employees, 27 heavy vehicle and yellow gear equipment assets and a transfer station in Narangba for an undisclosed amount.
The acquisition also includes a skip bin collection business trading as Green Bins across the greater Brisbane region, as well as a commercial and industrial collections business.
Cleanaway general manager QLD Neil Perry says the deal bolsters the company's construction and demolition capability and waste processing facilities.
The Narangba transfer station and Green Bins will be integrated into Cleanaway's south Queensland operation, complementing existing facilities New Chum and Willawong.
"We will be operating Green Bins alongside our Brisbane skip business, as well as integrating the commercial and industrial business with our existing Cleanaway services," Perry says.
"The Northside transfer station in Narangba will strengthen our local collections services and operations.
"This acquisition is a strong reflection of the growth journey of the Cleanaway business in Queensland and is another step toward achieving our mission of making a sustainable future possible."
Cleanaway has worked closely with the former management of Waste 2 Resources to finalise detailed transition plans ahead of the first day of trading under Cleanaway ownership on July 1.
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