Europac Group (Papeles y Cartones de Europa S.A.) has acquired, in Valladolid, the waste management company Transcon Valladolid, S.A. With this acquisition, which amounts to 3.7 million euros and represents multiple post synergistic gains of 5.3 times EBITDA, the company strengthens its position as a comprehensive provider of waste management services of reference in Castile and León.

•  The company strengthens its position as a comprehensive provider of waste management services in Castile and León
•  The acquisition allows Europac Recicla to optimise logistic routes, to increase the services on offer and to access business sectors in which it previously had no presence
•  The acquisition amounts to 3.7 million euros, which represents multiple post synergistic gains of 5.3 times EBITDA

The synergistic gains of the acquisition are based on Transcon's logistic skills, which with more than 30 lorries will contribute to optimising Europac Recicla's current routes, as well as in terms of the complementarity of environmental licences. Following on from this, the environmental authorisation of the acquired company allows 153 types of different waste residues to be handled and treated. On account of this, the diversification of the services on offer will allow Europac Recicla to access business sectors in which it previously had no presence.

According to José Miguel Isidro, Executive Chairman of Europac Group, “in terms of the company's will to grow in the Iberian market, this acquisition responds to the objective of becoming a comprehensive provider of waste management services that acts as a single representative for waste generating companies.

The union between Transcon and Europac Recicla Valladolid gives rise to the largest provider of recoverable waste management services in the area, in which both companies will benefit from the synergistic gains of the acquisition by attaining greater competitiveness in a very fragmented sector.

 

Source: europacgroup.com

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