Reuters reported that Schwarz Group, which also owns German retail chain Kaufland and Lidl plans to purchase from French waste and water management company Suez its recycling business in four EU countries.
Suez announced in September the sale of its Recycling & Recovery operations in the Netherlands, Luxembourg, Germany and Poland to Schwarz as part of its 2030 strategic plan.
The deal does not include Suez’s plastic recycling and hazardous waste treatment activities. The purchase is said to be made by the PreZero environmental division of Schwarz Group.
