RiverRidge buys Mallusk waste firm ISL out of administration
COMMERCIAL waste firm RiverRidge has bought a rival firm in Co Antrim out of administration.
RiverRidge (Mallusk) Limited completed acquisition of the business assets and customers of ISL Waste Management Limited, following the appointment of administrators to the company.
Mallusk-based ISL had focused on the collection, treatment and disposal of commercial and industrial wastes across the island of Ireland on behalf of larger waste management companies who operate UK wide contracts.
As part of the acquisition, RiverRidge said it will take on all ISL employees and continue to manage the firm’s former treatment facility in Mallusk.
RiverRidge already operates two other treatment facilities in Portadown and Garvagh.
Venture capital firm the Business Growth Fund (BGF) acquired a £14.5m stake in RiverRidge in 2016.
The company had 254 people on its books during 2019.
It is primarily focused on the collection, treatment and disposal of commercial and industrial waste streams as well as municipal collected household wastes.