Bingo Acquires NRG
November 26, 2017
Bingo expands its network of assets in both NSW and VIC through the acquisition of National Recycling Group (NRG). NRG is a vertically integrated Building & Demolition (B&D) business servicing more than 300 customers in New South Wales and Victoria, operating under DATS Environment Services, Melbourne Recycling Centres and Harpers Bin Hires brands.
Chief Executive Officer of Bingo Industries, Daniel Tartak said:
“The Acquisitions provide compelling strategic benefits for Bingo, including accelerating entry in Victoria and enhancing depth of network coverage in NSW. They will deliver geographical and product diversity to our revenue streams and further vertical integration across our business model.”
“NRG is a great business that complements Bingo’s existing strengths in collections and provides an important post-collection facility in Sydney’s North (Artarmon), where Bingo is currently under-represented. It also helps accelerate our recent expansion into Victoria, with resource recovery centres in the North (Campbellfield) and West (West Melbourne) of the Melbourne Metro providing Bingo with a footprint which is favourably positioned to benefit from Victoria’s pipeline of major infrastructure projects.”