Based in High Wycombe in the United Kingdom, Biffa plc specialises in waste management, providing services for recycling, landfill and the collection of waste. The company was founded in 1958 by Richard Henry in 1912 and is one of the largest waste management companies in the UK. After re-joining the London Stock Exchange, the Biffa IPO listed the company with a market capitalisation of £450 million.
Biffa offers services across four separate divisions; Industrial & Commerical, Energy, Household Waste and Resource Recovery & Treatment and operates across the country, collecting over 4.1 million bins weekly from 2.5 million households and a list of over 72,000 customers in the industrial and commercial sectors.
The Energy division of Biffa is at the forefront of gas and power production and extracts methane from landfill sites to generate 520 kilowatts an hour each year. The company’s plant is amongst the largest in Europe and they have two waste separation sectors, preparing it to be used in the reproduction of fuels. Household Waste is responsible for recyclables, beach cleaning and waste from homes across the UK. The division works with nearly 40 local authorities. The Resource Recovery & Treatment team works on processing waste that can be recycles, with two plants designed to process 400k tonnes per year. Hazardous waste, including chemical substances also fall under the remit of this sector. Lastly, its Industrial & Commercial division deals with businesses and customers, with roughly 2,700 employees and over 1,100 waste collection vehicles.
Biffa was sold to BET plc for around £750,000 in 1971 and was later sold to Severn Trent in 1991 for £212 million after a significant period of growth. In 2008, WasteAcquisitionsCo Ltd acquired Biffa, who in turn bought Greenstar UK. Finally, in 2013 the company returned to the financial markets after being sold to a private equity group. The Biffa IPO priced its initial offering lower than expected at 180 pence per share but the shares went as high as 265p in the next year.
