It was announced today that a contract has been signed for the sale to Panda of the Collections, Transfer and Processing Divisions of the Greenstar business. The transaction does not include the Landfill Power Business which will remain under current ownership.
The transaction is subject to clearance from the Competition & Consumer Protection Commission (CCPC) and a notification has been filed with the CCPC.
CEO of Panda, Brian McCabe said, "Panda was founded over 30 years ago and has grown from strength to strength over that time. The joining of Panda and Greenstar will create a leading Irish owned and managed municipal and commercial waste collection, processing and recycling business in the country.
"This will enable the combined business to continue to innovate and to deliver better, faster and more competitive waste management and recycling services to both companies’ customers. We look forward to bringing together the talent from both organisations and to welcoming our new colleagues and customers."
Source: www.businessworld.ie