Cleanaway has today announced it is the successful bidder of SKM Recycling Group’s assets, including the troubled Coolaroo and Laverton North plants.
The waste management group will pay $66 million for all of SKM’s properties, plants and equipment, with the handover likely to occur at the end of this month.
The announcement comes after the financial collapse of SKM forced the closure of its Victorian plants and led to tonnes of recyclable materials being sent to landfill.
We were given some reprieve last month when the Laverton North plant reopened and our recycling processing resumed. However the agreement with SKM receivers KordaMentha only takes us through to the end of October.
We’ve been hopeful a new buyer would be found before then.
We will now be working closely with Cleanaway to enter into contract negotiations for our recycling services. We’ll keep the community informed as we know more.
Cleanaway currently manages our waste collection services.
We continue to encourage people to avoid, reduce and reuse before recycling. We will continue to work with the State Government to investigate long-term solutions to manage recycling.