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ARGO's recycling facility in Gadstrup has been acquired by Urbaser for DKK 36 million with official takeover already from 1 July 2023. The business transfer includes assets, employees and waste management requirements until 1 January 2025. Read the full press release about the acquisition in the attached file.
ARGO's recycling plant in Gadstrup has a new ownerARGO's recycling plant in Gadstrup has been acquired by Urbaser A/S for DKK 36 million with takeover already from 1 July 2023. The business transfer includes assets, employees and waste management requirements until 1 January 2025.ARGO's recycling plant in Gadstrup receives, handles and sells 32,000 tons of recyclable waste annually for ARGO's nine owner municipalities and recycling centres. At the plant, the recyclable waste, including paper, cardboard and plastic, is weighed, after which the latter two are pressed into bales at a pressure of 100 tons. The materials are then transported to sorting plants in Germany and cardboard and paper mills in Sweden and Germany.
In 2022, ARGO's Board of Directors decided to put Gadstrup Recycling Plant up for sale. The sale was motivated by the upcoming producer responsibility for packaging, which means that from January 1, 2025, ARGO will no longer have to solve the task. After a thorough process of market dialog and tender, a contract has now been signed with Urbaser A/S. In the transfer, Urbaser undertakes to provide the same services for the nine municipalities and ARGO until 2025, when the extended producer responsibility for packaging comes into force. The agreement has an option to extend the agreement for up to one year. The option can be exercised if the extended producer responsibility for packaging is delayed.
The sale of Gadstrup Recycling Plant has generated great interest among potential buyers, which has also meant that we have had to postpone the bid deadline twice due to many qualified questions about the assets and services. After a good tender process, we are satisfied that it is Urbaser that will take over and operate Gadstrup Recycling Plant going forward.
Trine Lindegaard Holmberg, CEO of ARGO
Urbaser acquires two publicly owned recycling facilities within a short period of time
The recycling facility is the second acquisition of publicly owned facilities Urbaser makes in Denmark within a week. Last week, Urbaser announced the acquisition of Nordverk's waste sorting plant in Aalborg.
Gadstrup Recycling Plant and our new colleagues are a welcome asset to our existing operations. However, the facility is also an important part of the new 'waste architecture' needed to handle the upcoming producer responsibility for packaging from January 1, 2025. Urbaser has the ambition and investment appetite to expand its activities in Gadstrup in the long term. We must be able to deliver throughout the entire waste value chain, and the recycling plant is an important part of our own circular journey
Stefan Olin, CEO of Urbaser
Questions can be directed to:
Trine Lindegaard Holmberg, Director of ARGO, Mobile: 2928 8844 or E-mail: tlh@argo.dk
Stefan Olin, President / CEO of Urbaser, Mobile: 2530 2806 or E-mail: solin@urbaser.dk
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Facts about ARGO
ARGO is a waste and energy company that treats waste for citizens and businesses in nine municipalities on Zealand. ARGO's mission is to create sustainable waste solutions that promote the green transition. As much waste as possible must be reused and recycled, and energy utilization must be done in an environmentally sound manner and with the greatest possible yield in the form of electricity and district heating. ARGO has a turnover of approximately DKK 786 million annually (2022) and approximately 170 employees spread across recycling stores, recycling centers, CHP plant, landfill and administration. ARGO is environmentally and working environment certified according to the standards ISO 14.001 and ISO 45.001.
ARGO Board of Directors 2022-2025
Chairman of the Board Niels Hörup (Solrød Municipality), Vice Chairman Tomas Breddam (Roskilde Municipality), Torben Hoffmann (Greve Municipality), John Harpøth (Holbæk Municipality), Martin Schwartzbach (Kalundborg Municipality), Jonas Peter Bjørn Whitehorn (Køge Municipality), Bjørn Lykke Sørensen (Lejre Municipality), Thomas Nicolaisen (Odsherred Municipality) and Flemming Petersen (Stevns Municipality).
About Urbaser
Urbaser A/S is one of the leading waste management companies in Denmark and is part of the industrial Spanish company Urbaser, which operates on a Nordic level in Sweden, Norway and Finland. Worldwide, we serve more than 50 million people across 27 countries through a large network of more than 40,000 employees. Our vision is a society without waste. We want to be a role model for society and set the standard in recycling and environmental management.