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

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

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