StockMarketWire.com - Biffa, a leading integrated waste management company, has completed the acquisition of O'Brien Waste Recycling Solutions Holdings Limited, a leading provider of waste and recycling solutions in the North East of England.

Biffa said O'Brien WRS had been acquired for a cash consideration of £35.2 million, funded from existing cash and debt facilities, with a further contingent consideration of up to £0.9 million payable subject to the satisfaction of certain conditions.

It said the acquisition was expected to be immediately earnings enhancing for the group.

As at 30 April 2017, O'Brien WRS generated annual revenues of c£34.4 million, EBITDA of c£6.6 million, operating profit of c£5.3 million and had gross assets of c£15.3 million[ii], and has c190 employees.




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