Renewi
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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 until it was acquired by a consortium of Macquarie European Infrastructure Fund 7 (managed by Macquarie Group) and BCI UK IRR (managed by British Columbia Investment Management Corporation) in June 2025.
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.[1] In 1988 the Company acquired London Brick Landfill[2] and with it an enormous landfill capacity north of London. The Company was first listed on the London Stock Exchange in 1988.[1]
In the mid-1990s, the Company sold its remaining construction interests to concentrate solely on waste management.[1] In 1998 the Company went on to buy four waste management companies in Belgium.[3] It changed its name to Shanks Group in 1999.[4]
In March 2000, the Company bought Waste Management Nederland B.V. in the Netherlands.[5]
In July 2004, the Company sold its UK landfill and landfill gas power assets to Terra Firma.[6]
In 2006, the Company went on to buy Smink Beheer B.V. in the Netherlands for €62m.[7]
In September 2016, the company reached an agreement to buy the Dutch recycling firm Van Gansewinkel Groep BV for €432 million[8] as part of a merger that, upon completion on 28 February 2017, created to newly rebranded Renewi plc.[9]
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 [10] and its Reym-branded industrial cleaning business to Remondis.[11]
In February 2025, a consortium of Macquarie European Infrastructure Fund 7 (managed by Macquarie Group) and BCI UK IRR (managed by British Columbia Investment Management Corporation) made an offer worth £707 million to acquire the company.[12][13][14] The court approved the proposal on 4 June 2025, so allowing the transaction to be completed.[15]
Operations
The company's current operations are concentrated within the following three countries:[16]
- 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.
References
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- ↑ a b c Shanks Group: History Template:Webarchive
- ↑ Bedfordshire County Council: London Brick Company Template:Webarchive
- ↑ Shanks buys in Belgium
- ↑ New name for Shanks Sunday Herald, 25 July 1999
- ↑ Shanks to buy Waste Management's Dutch Unit Haznews, December 1999
- ↑ Shanks Group is to sell its UK landfill operations to Terra Firma for £227.5m United Kingdom Environment News, 1 July 2004
- ↑ Companies Update Template:Webarchive
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External links
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- Pages with script errors
- Service companies of the United Kingdom
- Companies listed on the London Stock Exchange
- Construction and civil engineering companies of the United Kingdom
- Waste management companies of the United Kingdom
- Companies based in Milton Keynes
- British companies established in 1880
- Private equity portfolio companies
- 1880 establishments in England
- Construction and civil engineering companies established in 1880