Viridor Ltd (from the Latin 'to become green') is a

recycling Recycling is the process of converting waste materials into new materials and objects. The recovery of energy from waste materials is often included in this concept. The recyclability of a material depends on its ability to reacquire the p ...

, renewable energy and waste management company in the United Kingdom, owned by KKR (previously owned by Pennon Group).

History

The company was formed in 1956 as Harrison Western Ltd, later becoming Haul Waste Ltd. Haul Waste became part of Pennon (then South West Water Ltd) in 1993, and grew by purchasing companies in the

waste collection Waste collection is a part of the process of waste management. It is the transfer of solid waste from the point of use and disposal to the point of treatment or landfill. Waste collection also includes the curbside collection of recyclable ...

and landfill disposal market. In 1995 it bought Blue Circle Waste Management, bringing about South West Water's name change to Pennon Group in 1998, and the merger of Haul Waste and Blue Circle Waste Management under Viridor. It subsequently acquired part of Churngold's waste business in June 2003, Thames Waste Management in 2004,

Somerset ( en, All The People of Somerset) , locator_map = , coordinates = , region = South West England , established_date = Ancient , established_by = , preceded_by = , origin = , lord_lieutenant_office =Lord Lieutenant of Somerset , lord_ ...

LAWDC Wyvern Waste in 2006, Grosvenor Waste Management and Skipaway Holdings in 2007, and Shore Recycling in 2008. Later in 2015 Viridor took over the collection side of Dorset based waste company Commercial Recycling. Today the business is valued at around £4 billion, with recent acquisitions and growth focused on expanding the company's recycling and energy from waste capacity. Viridor was awarded the

Greater Manchester Greater Manchester is a metropolitan county and combined authority area in North West England, with a population of 2.8 million; comprising ten metropolitan boroughs: Manchester, Salford, Bolton, Bury, Oldham, Rochdale, Stockport, Tam ...

Waste PFI contract, the largest waste and renewable energy contract in the UK. On 12 August 2010, the company was featured on

Channel 4 Channel 4 is a British free-to-air public broadcast television network operated by the state-owned Channel Four Television Corporation. It began its transmission on 2 November 1982 and was established to provide a fourth television service ...

documentary ''

Undercover Boss ''Undercover Boss'' is a reality television series franchise created by Stephen Lambert and produced in many countries. It originated in 2009 on the British Channel 4. The show’s format features the experiences of senior executives working u ...

'', in which Chief Executive

Colin Drummond Colin Irwin John Hamilton Drummond (born 22 February 1951) is a British businessman, and the former CEO of Viridor, and joint CEO of Pennon Group. Early life Drummond was born and brought up in Northern Ireland, where his father worked in the ...

went undercover as a new recruit inside the company. In March 2020,

Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strate ...

agreed to buy Viridor in £4.2bn deal. The transaction was completed on 8 July 2020.

Viridor Credits

As part of the Landfill Communities Fund tax credit scheme, Viridor created the Viridor Credits scheme which in 2001 to distribute funds to communities for heritage and biodiversity projects. They reported £7.6m in grants in 2017/18.

References

External links

* {{official website, https://www.viridor.co.uk Companies based in Exeter Waste management companies of the United Kingdom

History

Viridor Credits

See also

References

External links