Central to the DADI acquisition is the 82-hectare real estate at Eastern Creek, which will be in close proximity to the “third city” being built in Western Sydney and the new Western Sydney airport. The Eastern Creek site is fully integrated across the resource recovery value chain and allows us to better compete with large multinationals, shaking up the Commercial and Industrial (C&I) waste space, and diverting materials from landfill.
This acquisition will allow us to realise our vision for our world-class Recycling Ecology Park at Eastern Creek. This multi-million dollar development will expand our waste processing capability, increasing recovery rates for customers and producing more recycled products.
In addition to Eastern Creek, our network growth includes a strategically located transfer facility at Alexandria. BINGO and DADI customers will have access to more trucks and collection sites, offering improved efficiencies and competitive pricing to complement a growing post collections network of assets with recycling at the core of our business.
Our sustainability and profitability are inextricably linked. Our unique recycling and resource management infrastructure will enable us all - government, customers and communities - to move toward a circular economy.
BINGO has welcomed the decision by the ACCC and expects the transaction settlement to occur in the coming month, at which point we will officially welcome DADI to the BINGO Family.
For more information about our exciting plans for DADI and the Recycling Ecology Park at Eastern Creek watch our short video and stay tuned for more exciting news about this project.