December 04, 2008

Environmental Services acquires Bartin Recycling Group

It is reported that Veolia Environmental Services has signed an agreement to acquire the Bartin Recycling Group, a leading French company in the recovery and recycling of ferrous and non ferrous metals.

The Bartin Recycling Group specializes in the collection and recycling of industrial waste, in particular ferrous and non-ferrous metals. It generated revenue of EUR 249 million in 2006 and recycles 780,000 tonnes of metals per year.

Mr Denis Gasquet CEO of Veolia Environmental Services said that “This acquisition adds to and strengthens our capabilities and capacities in the recycling of metals at a time when these raw materials are of growing importance in tense international markets. It's an important step in the roll-out of our strategy, and will help us continue to support our public and private clients in managing their waste in a cost effective and environmentally responsible manner.”

Mr Jérôme Le Conte GM (France) of Veolia Environmental Services, added that “This acquisition will create excellent synergies and raise the metal recycling capacity of Veolia Environmental Services in France from 250,000 metric tons per year to over 1 million metric tons per year.”