 | |
| Company type | Public |
|---|---|
| Industry | Waste management |
| Founded | 1880 (1880) |
| Founders | Guy Shanks Andrew McEwan |
| Headquarters | Dunedin House, Mount Farm, Auckland Park, Milton Keynes, MK1 1BU, UK |
Key people | Ben Verwaayen (Group Chairman) Otto de Bont (CEO) |
| Revenue |  €1,689.2 million (2024)[1] |
| €105.5 million (2024)[1] | |
| €(30.9) million (2024)[1] | |
| Owner | Macquarie European Infrastructure Fund 7 and BCI UK IRR |
| Parent | Macquarie Group BCI |
| Website | www.renewiplc.com |
Renewi plc is a leading European waste management company operating primarily in the Benelux region. It was listed on the London Stock Exchange (LSE) and Euronext Amsterdam until it was acquired by a consortium formed by affiliates of the Macquarie Group and BCI in June 2025.[2]
History
Renewi 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.[3] In 1988, when it was first listed on the LSE, it acquired London Brick Landfill and with it an enormous landfill capacity north of London.[4]
In the mid-1990s, the firm sold its remaining construction interests to concentrate solely on waste management.[3] In 1998, a year before changing its name to Shanks Group,[5] it acquired four waste management companies in Belgium.[6]
In March 2000, Shanks bought Waste Management Nederland B.V. in the Netherlands.[7] In July 2004, two years before buying Smink Beheer B.V. in the Netherlands for €62m,[8] it sold its UK landfill and landfill gas power assets to Terra Firma Capital Partners.[9]
In 2017, after agreeing to acquire it for €432 million and merging with the Dutch recycling group Van Gansewinkel,[10] it was renamed Renewi plc.[11] In 2019, as part of a strategy to focus the business on its core operations and regions, it sold its Canadian operations to Convent Capital [12] and its Reym-branded industrial cleaning business to Remondis.[13]
In February 2025, a consortium of Macquarie European Infrastructure Fund 7 (managed by Macquarie Group) and BCI UK IRR (managed by British Columbia Investment Management Corporation) made an offer worth £707 million to acquire the company.[14][15][16] On 6 June, two days after the court approved the proposal, allowing the deal to be finalized, it was announced that the acquisition had been completed.[17]
Operations
The company's current operations are concentrated within the following three countries:[18]
- 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 "Annual Report 2023/24" (PDF). Renewi. Retrieved 10 February 2025.
- ^ "Macquarie Asset Management and BCI complete acquisition of Renewi". Renewi. Retrieved 27 November 2025.
- ^ a b 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
- ^ New name for Shanks Sunday Herald, 25 July 1999
- ^ Shanks buys in Belgium
- ^ Shanks to buy Waste Management's Dutch Unit Haznews, December 1999
- ^ Companies Update Archived 2006-08-22 at the Wayback Machine
- ^ Shanks Group is to sell its UK landfill operations to Terra Firma for £227.5m United Kingdom Environment News, 1 July 2004
- ^ Nathan, Vidya L (29 September 2016). "Shanks Group, recycler Van Gansewinkel agree on deal terms". Reuters. Archived from the original on 29 September 2016. 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.
- ^ "Renewi Announces Final Cash Acquisition by Earth Bidco B.V." Tip Ranks. 28 February 2025. Retrieved 30 May 2025.
- ^ "Renewi plc to be Acquired by Earth Bidco B.V. Following Regulatory Approvals". Tip Ranks. 26 May 2025. Retrieved 30 May 2025.
- ^ "Scheme document published for the £707 million recommended cash offer for Renewi by Earth Bidco B.V." Perivan. 1 March 2025. Retrieved 30 May 2025.
- ^ "Court Sanction of Scheme of Arrangement". Investegate. 4 June 2025. Retrieved 4 June 2025.
- ^ "About us". Renewi. Retrieved 10 October 2017.
External links
- Official site
