Acquisition

Shanks Group PLC
07 April 2008

Shanks Group plc: €13 million acquisition of Belgian Group, Foronex



7 April 2008



Shanks Group plc, a leading European waste management company, has today
announced the acquisition of several companies which together constitute the
Foronex Group.  The companies have been acquired from Mr Joos Wemel and other
members of his family for a cash consideration of €13m (€23m gross of net debt
acquired).



Foronex is a leading player in the wood waste and by-products market in the
Benelux handling approximately 0.9 million tonnes per annum.  The principal
sources of inputs are the timber and waste management industries.  The major
outlets for these products are to the board manufacturers and increasingly the
supply of biomass for green energy production.   Foronex employs some 250 people
and runs approximately 200 trucks.



Commenting on the transaction, Shanks Group plc Group Chief Executive, Tom Drury
said: 'We are delighted with this acquisition which better positions the Group
to take advantage of the converging waste and energy markets, an increasingly
important component of modern waste management.  It also provides further
integration in the supply chain for waste wood, a major output from our
recycling centres in both the Benelux and the UK.'



For further information contact:

Tom Drury, Group Chief Executive
Fraser Welham, Group Finance Director
Shanks Group plc
Telephone [phone]



Ginny Pulbrook, Executive Director
Citigate Dewe Rogerson
Telephone [phone]




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