Renewi

LSE: RWI
Euronext: RWI

IndustryWaste managementFounded1880HeadquartersDunedin House, Mount Farm, Auckland Park, Milton Keynes, MK1 1BU, UK

Key people

Ben Verwaayen
(Group Chairman)
Otto de Bont
(CEO)Revenue

€1,892.3 million (2023)^[1]

Operating income

€132.9 million (2023)^[1]

Net income

€66.6 million (2023)^[1]Websitewww.renewiplc.com

Renewi plc is a leading European waste management company operating primarily in the Benelux region. It is listed on the London Stock Exchange and Euronext Amsterdam and is a constituent of the FTSE 250 Index.

History

The Company was founded by Guy Shanks and Andrew McEwan in 1880 as a construction company operating primarily in the West of Scotland under the name of Shanks & McEwan.^[2] In 1988 the Company acquired London Brick Landfill^[3] and with it an enormous landfill capacity north of London. The Company was first listed on the London Stock Exchange in 1988.^[2]

In the mid-1990s, the Company sold its remaining construction interests to concentrate solely on waste management.^[2] In 1998 the Company went on to buy four waste management companies in Belgium.^[4] It changed its name to Shanks Group in 1999.^[5]

In March 2000, the Company bought Waste Management Nederland B.V. in the Netherlands.^[6]

In July 2004, the Company sold its UK landfill and landfill gas power assets to Terra Firma.^[7]

In 2006, the Company went on to buy Smink Beheer B.V. in the Netherlands for €62m.^[8]

In September 2016, the company reached an agreement to buy the Dutch recycling firm Van Gansewinkel Groep BV for €432 million^[9] as part of a merger that, upon completion on 28 February 2017, created to newly rebranded Renewi plc.^[10]

In 2019, as part of a strategy to focus the business on its core operations and regions, the company sold its Canadian operations to Convent Capital ^[11] and its Reym-branded industrial cleaning business to Remondis.^[12]

Operations

The company's current operations are concentrated within the following three countries:^[13]

UK: activities include long term local authority municipal solid waste (MSW) contracts, the anaerobic digestion of food waste, and the production of lower-carbon alternatives to fossil fuels.
The Netherlands: activities include collections, sorting and processing, re-use and recycling, soil cleaning, composting, landfill, refuse-derived fuel production and industrial cleaning.
Belgium: activities include collections, recycling, soil cleaning, refuse-derived fuel production, waste treatment and landfill in Flanders, Wallonia, and Brussels.

References

^ ^a ^b ^c "Preliminary results 2022/23" (PDF). Renewi. Retrieved 15 February 2024.
^ ^a ^b ^c Shanks Group: History Archived 2008-10-09 at the Wayback Machine
^ Bedfordshire County Council: London Brick Company Archived 2015-11-17 at the Wayback Machine
^ Shanks buys in Belgium
^ New name for Shanks Sunday Herald, 25 July 1999
^ Shanks to buy Waste Management's Dutch Unit Haznews, December 1999
^ Shanks Group is to sell its UK landfill operations to Terra Firma for £227.5m United Kingdom Environment News, 1 July 2004
^ Companies Update Archived 2006-08-22 at the Wayback Machine
^ Nathan, Vidya L (29 September 2016). "Shanks Group, recycler Van Gansewinkel agree on deal terms". Reuters. Retrieved 2 January 2017.
^ "Shanks to rebrand as Renewi following merger". Let's Recycle. 28 February 2017. Retrieved 10 October 2017.
^ "Sale of Renewi Canada". Regulatory News Service. 17 June 2019.
^ "Sale of Reym industrial cleaning business". Renewi. 10 September 2019.
^ "About us". Renewi. Retrieved 10 October 2017.