DCC acquires British recycling firm for €8.7m

DCC has continued its expansion, through acquisition, in the British waste management sector and has promised more purchases to come.

The group yesterday announced the £5.8 million (€8.7m) acquisition of a 90% stake in the Nottingham-based recycling and non-hazardous waste management business, Wastecycle.

A further consideration of up to £5.4m (€8m) could be paid, depending on profits earned in each of the three financial years to March 31, 2010.