Acquisition of Walleys Quarry Landfill
Red Holdings Limited announces that its subsidiary, Red Industries RM Limited, has acquired Walleys Quarry Landfill the landfill and power generation business, from Tarmac Limited. The acquisition is in line with Red Industries stated strategy of expanding its waste management activities
Walleys Landfill site is located near Newcastle-Under-Lyme and comprises approximately 2.7m cubic metres of consented capacity; landfill gas power generation capabilities totalling 4 MW capacity; and associated leachate treatment facility . The acquisition will be integrated into Red Industries waste management business and is expected to be earnings enhancing before goodwill in its first full year.
Commenting on the acquisition, Adam Share, Chief Executive of Red Industries, said, “This acquisition fits very well with Red Industries strategy of expanding its waste management facilities in key regions of the country”.
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