Acquisition in line with the Group Business Plan
MILAN, 26-Jul-2016 — /EuropaWire/ — A2A acquired today, through its subsidiary A2A Ambiente, the Rieco-Resmal Group.
Rieco and Resmal are the main companies of a group operating in the collection, selection and treatment of special, non-hazardous waste – plastic, biomass and, in particular, waste paper – with 5 production facilities in the Milan area and a treatment capacity of around 400 thousand tonnes/year.
The acquisition – the Group’s Chief Executive Officer, Valerio Camerano, explained – is in line with the strategic objectives of our Business Plan, aimed at increasing presence on the environmental sector and developing business connected with the Green Economy. The integration of Rieco and Resmal – Mr Camerano added – allows us to strengthen the role played by A2A as market leader in the circular economy sector along the whole value chain, from separated waste collection through to the recovery of materials and energy.
The operation will also enable industrial synergies by means of the integration of treatment capacity (+30% increase in capacity in the business segment) and the diversification of the customer base.
Rieco-Resmal Group 2015 pro-forma consolidated revenues totalled approximately € 37 million, with an EBITDA of approximately € 5 million. The Enterprise Value is approximately € 25 million.
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