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Pennon Group plc's Subsidiary Acquires Pulp Friction Limited
Pennon Group plc announced that subsidiary, Viridor Waste Management Limited, has acquired Pulp Friction Limited, a paper collection and processing business based in Erith, Kent, and the business, assets and goodwill of a related business, SBS Paper LLP, for a total consideration of GBP9.0 million (GBP8.6 million cash plus acquired net debt). The acquired business processes around 100,000 tonnes of paper and card per annum.
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