BINGO journey so far

Written by BINGO INDUSTRIES Published on 24th January 2019

Bingo Industries

From BINGO Industries’ beginnings as a small Sydney skip operator in 2005, the company has grown to a highly successful listed enterprise and a leader in recycling and resource management operating across three States.

Just over 13 years after current Chief Executive Officer (CEO) Daniel Tartak’s father Tony Tartak purchased the company in 2006, BINGO entered the Australian Securities Exchange (ASX) 200, gaining official recognition as one of the 200 largest publicly-listed companies in Australia.

Daniel was appointed CEO in 2015 following his father’s retirement and has seen the company grow from its humble beginnings – a company of six employees, operating four trucks with 80 skip bins – to the successful corporate enterprise it is today.

Sustainability has and always will be at the core of our business

At BINGO, sustainability and business success are extrinsically linked. Early on, BINGO recognised that recycling would become one of the most important services in the waste management sector. As communities around the world began to move towards circular economies aiming for zero-waste, BINGO began to invest in Sydney’s recycling infrastructure. In 2014, BINGO purchased its first Recycling Centre at Mortdale.

In 2015, BINGO began work on its Auburn Recycling Centre, the first facility across the BINGO network to have large scale, sophisticated resource recovery and recycling equipment installed. Also, in 2015, BINGO made the strategic acquisition of Toro Waste Equipment. The acquisition of Toro provides BINGO with the ability to give customers certainty of bin availability.

Significant acquisitions in 2016 included the Banksmeadow, Minto, St Mary’s and Smithfield recycling centres, which saw BINGO create one of the most strategic waste infrastructure and recycling networks in New South Wales.

Moving into Commercial and Industrial (C&I) waste

Traditionally focusing on the Building and Demolitions (B&D) waste market, in 2014, BINGO expanded into the Commercial and Industrial (C&I) waste market by establishing a dedicated commercial customer team. Through several significant contract wins such as AMP and McDonald’s, BINGO has now gained market share and developed a strong position in C&I waste.

Listing on the ASX

In 2017, BINGO undertook a share offer to allow existing shareholders to realise the value of their holdings and to fund the Company’s geographic expansion and development program. On 03 May 2017, with 158 trucks and nine recycling centres, BINGO Industries (BIN) was listed on the Australian Securities Exchange (ASX) in what is the most significant milestone in the Company’s history to date.

Geographic Expansion

BINGO invested AUD$53 million on its initial expansion into Victoria in late 2017 with the acquisition of three businesses, Konstruct Recycling, Resource Recovery Victoria and AAZ Recycling. In late 2017, BINGO purchased its Braeside site, with development approval being granted in late 2018.

In 2018, BINGO expanded further into Victoria with the acquisition of National Recycling Group (NRC), the parent company of DATS Environment Services, Melbourne Recycling Centres and Harpers Bin Hire.

Acquisition of Dial-a-Dump

In 2019, BINGO acquired Dial A Dump Industries, a fully-integrated recycling and resource management business in New South Wales. The acquisition provided BINGO with complementary post-collections assets, including a state-of-the-art recycling centre and landfill site in Eastern Creek, Western Sydney and a strategically located transfer station at Alexandria, as well as, an additional 227 employees, 55 trucks and 2 million tonnes of network capacity.

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