Renewi

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.

Renewi plc
Public
Traded as
IndustryWaste management
Founded1880
HeadquartersDunedin House, Mount Farm, Auckland Park, Milton Keynes, MK1 1BU, UK
Key people
Ben Verwaayen
(Group Chairman)
Otto de Bont
(CEO)
Revenue€1,780.7 million (2019)[1]
€85.5 million (2019)[1]
€(97.7) million (2019)[1]
Number of employees
8,000 (2019)[1]
Websitewww.renewiplc.com

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.
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References
  1. "Preliminary results 2018/19" (PDF). Renewi. Retrieved 23 May 2019.
  2. Shanks Group: History Archived 2008-10-09 at the Wayback Machine
  3. Bedfordshire County Council: London Brick Company Archived 2015-11-17 at the Wayback Machine
  4. Shanks buys in Belgium
  5. New name for Shanks Sunday Herald, 25 July 1999
  6. Shanks to buy Waste Management's Dutch Unit Haznews, December 1999
  7. Shanks Group is to sell its UK landfill operations to Terra Firma for £227.5m United Kingdom Environment News, 1 July 2004
  8. Companies Update Archived 2006-08-22 at the Wayback Machine
  9. Nathan, Vidya L (29 September 2016). "Shanks Group, recycler Van Gansewinkel agree on deal terms". Reuters. Retrieved 2 January 2017.
  10. "Shanks to rebrand as Renewi following merger". Let's Recycle. 28 February 2017. Retrieved 10 October 2017.
  11. "Sale of Renewi Canada". Regulatory News Service. 17 June 2019.
  12. "Sale of Reym industrial cleaning business". Renewi. 10 September 2019.
  13. "About us". Renewi. Retrieved 10 October 2017.
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