Hazardous waste division of Credential Environmental

June 2007

Ailsa3 made the decision to exit the hazardous sector, enabling it to focus on automotive waste and generating additional funds for further acquisitions in this sector.

Ailsa3 had acquired Betta Special Waste, the company that made up a large part of the hazardous waste division in May 2006. The division grew in value rapidly, before CE Hazardous was sold to AIM listed hazardous waste specialist, Augean plc, for £8.13m.

The deal included the sale of the hazardous division, the freehold of the hazardous waste transfer station in Worcester, plus an option to purchase the hazardous waste transfer station in Hinckley. These properties amount to a value of £2.4m, taking the overall deal size to £10.5m.

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