Hazardous waste specialist Toxfree has announced its acquisition of liquid waste and industrial service business Worth Recycling.
One of Australia’s leading environment, waste management and industrial service providers, Toxfree is due to finalise the buy-out of the NSW-based company for $70 million on 31 March.
Worth is a leading industrial waste treatment and industrial services company operating in Sydney, the Illawarra and the Hunter Valley. The acquisition represents a major expansion of Toxfree’s presence in the NSW area.
Commenting on the news, Steve Gostlow, Managing Director of Toxfree, said: “This acquisition will make Toxfree a truly national company and further diversifies our business across end‐market segments, geographies and services.
“Worth’s EPA-licensed facilities create a perfect platform for growth. The facilities would be very difficult to replicate and will provide a strategic advantage in winning new business in both liquid and solid waste treatment.”
Along with Worth’s expertise in the transport and treatment of wastewaters, waste oils and other wash waters, the company designed, built and now operates two major industrial waste treatment plants, including: an EPA-licensed depot and treatment plant at Windsor, and an EPA-licensed waste oil and wastewater depot at BlueScope Steel, Port Kembla.