StockMarketWire.com - Waste management business Biffa said it had acquired Simply Waste Solutions, an industrial and commercial waste collection business in the south of England, for up to £40 million.

The deal included an upfront payment of £35 million and a further £5 million, contingent on the performance of the business through to 31 March 2021.

For the year ending 31 March 2020, Simply Waste reported revenues of £32 million, EBITDA of £5.2 million, operating profit of £3.1 million and gross assets of £16.4 million.











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