Biffa has announced the acquisition of Hazrem Environmental, which specialises in the collection of hazardous and liquid waste.
Hazrem Environmental, which is based in South Wales, has 70 commercial customers across South Wales and Southwest England. It was set up in 2004 as an employee-owned business.
Gavin Williams, managing director, Biffa Specialist Services, said: “We’re delighted to be growing our hazardous waste business with the acquisition of Hazrem Environmental.
“We’ve gained a complimentary fleet of vehicles, including tankers, for the safe and efficient collection and treatment of customers’ industrial waste.
“The deal aligns with our growth strategy and adds to our growing footprint in the packaged goods and bulk liquid sector in South Wales and Southwest England, following the acquisition of Total Recycling Solutions (TRS) in the north of England in February 2023.”
Paul Goddard, director, Hazrem Environmental, said: “After over two decades building the business, the time is right to hand over the reins so Hazrem can continue its growth story as part of the Biffa group.
“Biffa’s operational expertise and capabilities make them an ideal fit for our client base and the team moving forward. I will remain with the business and look forward to continuing to support our clients.”
Biffa was started over 100 years ago and provides waste management services across the country. The firm has a partnership with WasteAid and a Biffa Award Programme for businesses that contribute positively to the Environment.
Biffa were advised on the transaction by Dow Schofield Watts’ Corporate Finance team in the South West.
The deal team was led by Koo Aseeley and included Michael Dunn and other members of their South West team.
DSW partner Koo Aseeley said: “Paul and Michelle have built a business with an exemplary reputation for customer service, sufficient to attract an acquirer in the shape of Biffa. Interest from a wide cross-section of buyers led to a competitive bidding process. The deal demonstrates DSW’s ability to access M&A decision makers across the UK, and reflects the recovery taking place in the mergers and acquisitions market.”
Geldards provided legal advice to the shareholders of Hazrem, with its team led by Partner Alex Butler, assisted by Solicitor Jamie East and Solicitor Georgia Evans provided property advice.
