Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Mastagard Sold to Enviro Waste Services

MEDIA STATEMENT

MAY 2014

Mastagard Sold to Enviro Waste Services

The Christchurch owners of Mastagard Group Ltd, the largest locally owned recycling and waste collection company in the South Island, are pleased to confirm that they have sold their business to EnviroWaste Services Ltd.

Mastagard, a household name in Christchurch and Canterbury, has grown into the largest New Zealand owned and operated waste collection and recycling business, said Sebastian Stapleton, the former Managing Director of Mastagard.

Mastagard, employing over 70 staff and operating over 30 refuse collection trucks, holds leading contracts with four District Councils and provides services to number of Canterbury’s largest commercial organisations.

“The rapid growth of Mastagard is due to a number of critical factors including strong marketing to its domestic customers, specialised services to the building and construction sectors combined with a determined and steadfast commitment to a premium service and customer satisfaction,”’ said Mr. Stapleton

Mr. Stapleton, who turned 30 a few days ago, said he and his fellow founder David Diggs are very proud of the strong market position.Mastagard has attained.

“That is reflected in the high level of client satisfaction; which has been made possible by the hard work of staff and contractors with particular credit to the experienced and dedicated management team, all of which who will remain on with Mastagard.”

”We were fortunate to have opportunities to grow in a tough, competitive, waste management industry that is largely dominated by international players. These have required creative solutions which, combined with the fast rate of growth, created many flow on commercial pressures that we overcame

“The purchase of the business confirms the respect that Mastagard has with its customers, and its competitors. It was important to us as the exiting Mastagard owners to entrust the business to an entity that is well respected in the waste industry and that will continue to provide world-class services to the Mastagard customers and capitalise on the rock solid foundation we built over the last decade or so.”

The settlement of the sale to EnviroWaste Services was completed on 30 April 2014. The sale price, which is subject to a confidentiality agreement between the parties, is described by Mr. Stapleton as “at market multiples consistent with those achieved in other acquisitions within the sector peer group.”


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Bad Day For Rope: Donaghys Job Losses Another Blow To Dunedin

The loss of 30 jobs from Donaghys rope and twine factory is yet another blow to the people and economy of Dunedin, says Dunedin South Labour MP Clare Curran. More>>

ALSO:

Oil: 2014 New Zealand Petroleum Summit

Simon Bridges: Our abundance of energy and minerals resources provides us with unique opportunities to build the New Zealand economy.

Over the past three years the Government has made significant changes to how the sector is regulated. More>>

ALSO:

WWF Report: Solutions In Reach; World Biodiversity Suffers Major Decline

Global wildlife populations have declined by more than half in just 40 years as measured in WWF's Living Planet Report 2014. Wildlife's continued decline highlights the need for sustainable solutions to heal the planet... More>>

ALSO:

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news