One51, the environmental and plastics group, has acquired the UK-based Greenway Environmental Services for an undisclosed sum. The business will be a bolt-on acquisition into One51’s existing environmental services business in the UK, ClearCircle Environmental.
Greenway, which mainly operates in the northwest of the UK, provides industrial services to the manufacturing and construction sectors. One51 said the acquisition is consistent with its strategy to develop its ClearCircle business in Ireland and the UK.
Over the past eight years, One51 been totally transformed from the entity that was originally spun out of the Irish Agricultural Wholesale Society (IAWS) into the environmental and plastics business it is today.
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Last month, One51 reported a 23% increase in earnings (EBITDA) to €13.3m for the first half of the year, while pre-tax profits more than doubled to €8.2m. The group has been busy making acquisitions this year. Most notably, One51 announced in July it had completed the acquisition of a 67% stake in the Canadian plastics business IPL.
The IPL acquisition will be transformative for One51, effectively doubling the group’s turnover to the region of €450m.
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One51, the environmental and plastics group, has acquired the UK-based Greenway Environmental Services for an undisclosed sum. The business will be a bolt-on acquisition into One51’s existing environmental services business in the UK, ClearCircle Environmental.
Greenway, which mainly operates in the northwest of the UK, provides industrial services to the manufacturing and construction sectors. One51 said the acquisition is consistent with its strategy to develop its ClearCircle business in Ireland and the UK.
Over the past eight years, One51 been totally transformed from the entity that was originally spun out of the Irish Agricultural Wholesale Society (IAWS) into the environmental and plastics business it is today.
Last month, One51 reported a 23% increase in earnings (EBITDA) to €13.3m for the first half of the year, while pre-tax profits more than doubled to €8.2m. The group has been busy making acquisitions this year. Most notably, One51 announced in July it had completed the acquisition of a 67% stake in the Canadian plastics business IPL.
The IPL acquisition will be transformative for One51, effectively doubling the group’s turnover to the region of €450m.
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