Renewi
 | |
| Company type | Public |
|---|---|
| Industry | Waste management |
| Founded | 1880 |
| Headquarters | Dunedin House, Mount Farm, Auckland Park, Milton Keynes, MK1 1BU, UK |
Key people | Ben Verwaayen (Group Chairman) Otto de Bont (CEO) |
| Revenue |  €1,892.3 million (2023)[1] |
 €132.9 million (2023)[1] | |
| €66.6 million (2023)[1] | |
| Website | www |
Renewi plc is a leading European waste management company operating primarily in the Benelux region. It is listed on the London Stock Exchange and Euronext Amsterdam and is a constituent of the FTSE 250 Index.
History
[edit]The Company was founded by Guy Shanks and Andrew McEwan in 1880 as a construction company operating primarily in the West of Scotland under the name of Shanks & McEwan.[2] In 1988 the Company acquired London Brick Landfill[3] and with it an enormous landfill capacity north of London. The Company was first listed on the London Stock Exchange in 1988.[2]
In the mid-1990s, the Company sold its remaining construction interests to concentrate solely on waste management.[2] In 1998 the Company went on to buy four waste management companies in Belgium.[4] It changed its name to Shanks Group in 1999.[5]
In March 2000, the Company bought Waste Management Nederland B.V. in the Netherlands.[6]
In July 2004, the Company sold its UK landfill and landfill gas power assets to Terra Firma.[7]
In 2006, the Company went on to buy Smink Beheer B.V. in the Netherlands for €62m.[8]
In September 2016, the company reached an agreement to buy the Dutch recycling firm Van Gansewinkel Groep BV for €432 million[9] as part of a merger that, upon completion on 28 February 2017, created to newly rebranded Renewi plc.[10]
In 2019, as part of a strategy to focus the business on its core operations and regions, the company sold its Canadian operations to Convent Capital [11] and its Reym-branded industrial cleaning business to Remondis.[12]
Operations
[edit]The company's current operations are concentrated within the following three countries:[13]
- UK: activities include long term local authority municipal solid waste (MSW) contracts, the anaerobic digestion of food waste, and the production of lower-carbon alternatives to fossil fuels.
- The Netherlands: activities include collections, sorting and processing, re-use and recycling, soil cleaning, composting, landfill, refuse-derived fuel production and industrial cleaning.
- Belgium: activities include collections, recycling, soil cleaning, refuse-derived fuel production, waste treatment and landfill in Flanders, Wallonia, and Brussels.
References
[edit]- ^ a b c "Preliminary results 2022/23" (PDF). Renewi. Retrieved 15 February 2024.
- ^ a b c Shanks Group: History Archived 2008-10-09 at the Wayback Machine
- ^ Bedfordshire County Council: London Brick Company Archived 2015-11-17 at the Wayback Machine
- ^ Shanks buys in Belgium
- ^ New name for Shanks Sunday Herald, 25 July 1999
- ^ Shanks to buy Waste Management's Dutch Unit Haznews, December 1999
- ^ Shanks Group is to sell its UK landfill operations to Terra Firma for £227.5m United Kingdom Environment News, 1 July 2004
- ^ Companies Update Archived 2006-08-22 at the Wayback Machine
- ^ Nathan, Vidya L (29 September 2016). "Shanks Group, recycler Van Gansewinkel agree on deal terms". Reuters. Archived from the original on 29 September 2016. Retrieved 2 January 2017.
- ^ "Shanks to rebrand as Renewi following merger". Let's Recycle. 28 February 2017. Retrieved 10 October 2017.
- ^ "Sale of Renewi Canada". Regulatory News Service. 17 June 2019.
- ^ "Sale of Reym industrial cleaning business". Renewi. 10 September 2019.
- ^ "About us". Renewi. Retrieved 10 October 2017.
External links
[edit]
- Companies in the FTSE 250 Index
- Service companies of the United Kingdom
- Companies listed on the London Stock Exchange
- Construction and civil engineering companies of the United Kingdom
- Waste management companies of the United Kingdom
- Companies based in Milton Keynes
- British companies established in 1880
- Private equity portfolio companies
- 1880 establishments in England
- Construction and civil engineering companies established in 1880