One51 eyes €140m deal for recycling business

ONE51, the broadly-based utility group with interests from recycling to waste management, is on the verge of buying the Irish recycling business of Hegarty of Limerick and a number of other related businesses involving a total outlay of €140 million.

The deal will be finalised once clearance is received from the Competition Authority.

Details of the group’s latest expansion plan were outlined after the annual general meeting in Dublin yesterday by chief executive Philip Lynch.