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Panda to buy Greenstar business
09 Feb 2016 13:01
Waste management company Greenstar has announced it is to sell its collections, transfer and processing divisions to rival Panda.
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Following completion of the deal, Panda will add 80,000 Greenstar residential customers to its existing residential customer base of 150,000.
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In addition, Panda will double its number of business customers to 30,000.
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It is understood Panda will continue to operate the acquired parts of the Greenstar business under the Greenstar brand.
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Greenstar will retain its landfill power business, through which it manages gas emissions from Irish landfills and uses that energy to supply green energy to the national grid equivalent to serving 35,000 homes.
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The deal is subject to clearance from the Competition & Consumer Protection Commission and is expected to be completed within the next three to six months.
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Until its completion, both businesses will continue to run their operations as normal.
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