Viridor Limited (from the Latin 'to become green') is a
recycling
Recycling is the process of converting waste materials into new materials and objects. This concept often includes the recovery of energy from waste materials. The recyclability of a material depends on its ability to reacquire the propert ...
,
renewable energy
Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...
and waste management company in the United Kingdom owned by
KKR.
History
The company was formed in 1956 as Harrison Western Limited, later becoming Haul Waste Limited. Haul Waste became part of
Pennon in 1993,
and grew by purchasing companies in the
waste collection 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
Somerset ( , ), Archaism, archaically Somersetshire ( , , ) is a Ceremonial counties of England, ceremonial county in South West England. It is bordered by the Bristol Channel, Gloucestershire, and Bristol to the north, Wiltshire to the east ...
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 Waste Disposal Authority's 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 channel owned and operated by Channel Four Television Corporation. It is state-owned enterprise, publicly owned but, unlike the BBC, it receives no public funding and is funded en ...
documentary '' Undercover Boss'', in which Chief Executive Colin Drummond went undercover as a new recruit inside the company.
In March 2020, KKR agreed terms to buy Viridor in a £4.2 billion 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.
References
External links
*{{official website, https://www.viridor.co.uk
Companies based in Taunton
Kohlberg Kravis Roberts companies
Waste management companies of the United Kingdom
1956 establishments in England