Grant Thornton study reveals waste sector growth
Despite an overall decline in UK manufacturing production, analysis by business and financial adviser Grant Thornton UK LLP shows a 60% increase (from 15 deals in the first half increasing to 24 in the final six months of the year) in corporate financing deals in the waste and recycling sectors between the first and second half of 2012. This is backed by forecasts from the Office of National Statistics, which states that the waste management industry is expected to grow by up to 3.1% in 2013-14, whilst the recycling and recovery market is forecasted to expand at 4% over the same period. Recent corporate financing deals in this area include an institutional buy-out of Biffa; Kier Group’s acquisition of a 50% stake…
