Shanks Group plc has confirmed that it has agreed to acquire a hazardous waste treatment facility in Farmsum, in the northern Dutch province of Groningen, in the Netherlands.
Purchased from AB Civiel Beheer BV for €3.75m, the site is close to Shanks’ Reym North East regional headquarters at Veendam and its satellite locations that serve the onshore industrial cleaning market, thus bringing immediate cost synergies with Shanks’ nearby operations.
The site comprises six hectares of land and high quality operational assets, including water and waste storage tanks, a production hall and distillation tower. It also has laboratories, offices, warehousing and railway access with indoor loading for trucks and trains as well as a further three undeveloped hectares of land. There are permits for a wide range of activities but in the short term the new site will offer additional treatment capacity for materials extracted during the industrial cleaning process
Over the longer term, further investment could develop the site to be able to offer additional treatment capabilities to support the activities currently undertaken at ATM, the division’s main treatment facility in Moerdijk. This acquisition therefore mirrors the strategy for the new Shanks Total Care facility under construction at Theemsweg, Rotterdam, and will also be branded as a Shanks Total Care facility. Shanks Total Care is a service providing a complete range of cleaning, transport and waste management expertise through a single contact.
Jonny Kappen, Managing Director of Shanks’ Hazardous Waste Division, said: “Shanks Hazardous Waste already benefits from a strong market position in the north of the Netherlands through our successful Reym industrial cleaning business. The acquisition of this new facility in Farmsum will increase volumes, leverage our infrastructure and expand our market offering.
“It is in line with our strategy to invest in additional treatment capacity in markets where we have a sustainable competitive advantage and can deliver attractive returns. We are excited by the future growth opportunities this acquisition creates and we are pleased to be able to continue building on our position at the forefront of the hazardous waste industry.”