RIGHT ON TIME FOR HAZARDOUS WASTE

摘要

Augean listed on the alternative investment market (Aim) in September last year mas an acquisition vehicle for businesses within the fast-growing hazardous waste market. And in November 2004 the company raised ￡100m in an institutional placing to fund the acquisition of Atlantic Waste Holdings and Zero Waste. Atlantic Waste Holdings, based near Peterborough, was bought for ￡80m and now trades as Augean South while Zero Waste, based near Middlesborough, was bought for ￡26m and trades as Augean North. These two acquisitions make Augean the market leader in hazardous waste disposal with almost 25 percent of the market. But its chief executive, John Huntington, is less interested with market share than he is with the quality of the management team he has assembled, including financial director Gary Downey and nonexecutive chairman David Williams.