Cleanaway Waste Management Limited (ASX:CWY) Receives ACCC Approval for Contract Resources Acquisition
Acquisition Approval
Cleanaway Waste Management Limited (ASX: CWY) has received approval from the Australian Competition and Consumer Commission (ACCC) for its acquisition of Contract Resources. The acquisition is expected to be completed on 31 July 2025.
Strategic Impact
Cleanaway CEO and Managing Director Mark Schubert said: “Contract Resources is a highly strategic acquisition that when combined with our Industrial Services (IS) business, creates a leading provider of integrated, specialised technical services to customers in the oil & gas, resources and industrial sectors.
“I’m excited about the growth Contract Resources will bring to Cleanaway through the acceleration of our strategy to capture the decommissioning, decontamination, and remediation (DD&R) opportunity. With its market-leading reputation, technical capabilities, and Tier 1 oil & gas customer base, Contract Resources enhances our value proposition and positions us to secure a greater share of DD&R projects and the complex, hazardous waste streams they generate.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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