INTERNATIONAL waste-to-product business Shanks Group announced yesterday it had signed a binding agreement to acquire a hazardous waste treatment facility in the Netherlands for €3.75m (£2.8m).
UK-headquartered group said it chose the site as it is close to its regional headquarters at Veendam and its locations that serve the onshore industrial cleaning market.
The acquisition of the six hectare site from AB Civiel Beheer BV will be developed for additional treatment capabilities alongside the division's main treatment facility.
The facility contains waste storage tanks, a production hall and distillation tower, laboratories, offices, warehousing and railway access.
Jonny Kappen, managing director of Shanks’ hazardous waste unit, said: “The acquisition of this new facility will increase volumes, leverage our infrastructure and expand our market offering.”