Greenstar Expands With Veolia Buy

RTE Business : October 21 2009

Waste management company Greenstar is to buy Veolia Environmental Services’ Irish commercial waste and recycling businesses.

The move is part of a move by Veolia’s parent company Veolia Environment to sell off some of its assets, though it will hold on to its Irish hazardous waste management business. The deal is subject to approval by the Competition Authority.

Greenstar says the deal will strengthen its position in Dublin, Cork and Waterford and expand its business into Limerick. It will also give Greenstar an entry into Northern Ireland, as Veolia has a recycling facility in Newry.

Greenstar, which is owned by NTR, employs around 600 people in 40 locations around the country.