Renewi Explained
| Renewi plc |
| Type: | Public |
| Key People: | Ben Verwaayen
Otto de Bont
|
| Industry: | Waste management |
| Revenue: | €1,892.3 million (2023)[1] |
| Operating Income: | €132.9 million (2023) |
| Net Income: | €66.6 million (2023) |
| Foundation: | 1880 |
| Location: | Dunedin House, Mount Farm, Auckland Park, Milton Keynes, MK1 1BU, UK |
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
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
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.
External links
Notes and References
- Web site: Preliminary results 2022/23. Renewi. 15 February 2024.
- http://www.shanks.co.uk/shanks/about/Background.jsp?tn=1&sn=4 Shanks Group: History
- http://www.bedfordshire.gov.uk/CommunityAndLiving/ArchivesAndRecordOffice/CommunityArchives/Stewartby/LondonBrickCompany.aspx Bedfordshire County Council: London Brick Company
- http://findarticles.com/p/articles/mi_qn4158/is_/ai_n14148909 Shanks buys in Belgium
- http://findarticles.com/p/articles/mi_qn4156/is_19990725/ai_n13942289/ New name for Shanks
- http://findarticles.com/p/articles/mi_hb5974/is_/ai_n24141473 Shanks to buy Waste Management's Dutch Unit
- http://www.accessmylibrary.com/article-1G1-124260978/shanks-group-sell-its.html Shanks Group is to sell its UK landfill operations to Terra Firma for £227.5m
- http://www.unison.org.uk/acrobat/B2549.pdf Companies Update
- News: Nathan. Vidya L. Shanks Group, recycler Van Gansewinkel agree on deal terms. https://web.archive.org/web/20160929081912/http://uk.reuters.com/article/us-van-gansewinkel-m-a-shanks-group-idUKKCN11Z0OC. dead. 29 September 2016. 2 January 2017. Reuters. 29 September 2016.
- Web site: Shanks to rebrand as Renewi following merger. 28 February 2017. Let's Recycle. 10 October 2017.
- Web site: Sale of Renewi Canada. 17 June 2019. Regulatory News Service.
- Web site: Sale of Reym industrial cleaning business. 10 September 2019. Renewi.
- Web site: About us. Renewi. 10 October 2017.
