Wheelabrator Group’s new ownership signals no change of direction

The Group had been owned by a group of private investors led by Bard & Company of the US. Mid Europa Partners is a leading independent private equity investment firm focused on Central and Eastern Europe with approximately €1 billion of assets under management. As a result of the new investment, Wheelabrator Group's corporate functions (currently located in Golden, Colorado, USA), will move to Altrincham over the course of the coming year.However, Wheelabrator Group will continue to pursue the action plan it developed over the last three years following its spin off from Veolia Environment, it is underlined. “This is a major milestone in our development,” said Robert E. Joyce Jr, chief executive officer, Wheelabrator Group. “Central Europe has a key role in our growth strategy and MEP brings to the Group investment and geographical expertise in the market segments we have targeted in the region. In line with this strategy we are significantly increasing our main manufacturing activities in Poland, to further strengthen our position in these markets. Central Europe is also at the very heart of MEP’s investment philosophy, making them the perfect partner for us to achieve our next level of growth.”