How it started
History
The company, which was originally engaged in the removal and sale of ashes and clinker from London power stations, was founded in Wembley by Richard Henry Biffa as Richard Biffa Limited, in 1912.
In 1958 Richard Henry Biffa's grandson, Richard Charles Biffa, joined the business and after becoming general manager in 1963, grew the business organically and by acquisition. The business was acquired by British Electric Traction in 1971 and by Severn Trent for £212 million in 1991. It acquired the American-owned UK Waste for £380 million in 2000.
Severn Trent demerged the company to a consortium formed by Global Infrastructure Partners, Montagu Private Equity and Uberior Co-Investment in 2008. It acquired recycling firm Greenstar UK for £135 million in 2010.
The company was re-listed on the London Stock Exchange on 17 October 2016. In June 2022, Biffa received a buyout proposal from private-equity firm Energy Capital Partners at £4.45 a share, a 37% premium to the share price, valuing the company at £1.36 billion. In January 2023, the takeover was agreed, with shareholders receiving 410 pence per share and the shares were suspended on the London Stock Exchange on 27 January 2023.
From Wikipedia’s article on Biffa, shared under CC BY-SA 4.0.2