Landmedia purchases Shanks’ 50% share of Avondale Environmental

Landmedia Limited announces that it has reached agreement for the purchase of Shanks PLC’s 50% share of Avondale Environment Limited.

Avondale Environmental, a combined landfill and energy from waste business based in Falkirk, Scotland, was previously a joint venture between Landmedia and Shanks Waste Management, established in 1999.  The site handles non hazardous, hazardous and stabilised wastes, with a significant share of landfill revenues coming from four local councils.  It also focuses on providing green energy by converting landfill gases into electricity.  It currently exports 8 megawatts of power into the National Grid, enough to supply power into 8,000 homes.

The purchase, financed by HSBC and private investment, represents Landmedia’s commitment to developing effective and innovative waste management practices at the Avondale site.  To support this aim, Landmedia has also purchased the Soil Treatment Facility at Kinneil Kerse from Shanks Waste Management.  Further proposals include the development of an anaerobic digestion waste treatment plant adjacent to the landfill site.

Landmedia will continue to actively invest in Avondale, ensuring it focuses on developing its core waste management business in the Central Belt of Scotland to deliver the best possible service for its customers and the local community.