Energy-from-waste firm buys Devon site

TEG Group, the Preston firm which develops and operates organic waste composting and energy plants, has acquired a composting operation at Hillbarton, near Exeter.  

It has bought the site from Glendale Recycling, a subsidiary of Parkwood Holdings which is also based in Preston.

The acquisition is on a cash-free, debt-free basis for a nominal initial consideration of £1 with a further potential deferred consideration of up to £400,000 depending on the profit performance over the next four years.  
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