Toxfree on expansion path with Daniels buy


Broader waste sector footprint and more assets and resources to be gained

Toxfree on expansion path with Daniels buy
Toxfree is set to grow with the Daniels purchase

 

National waste management company Toxfree has boosted its resources and entered the health services sector with the $186 million acquisition of medical waste specialist Daniels Health Australia.

Toxfree stands to gain medical waste solutions, collections and treatments in Australia. Daniels holds the intellectual property rights to various collector systems, including the Sharpsmart and Clinismart series of reusable sharps and clinical waste containers.

Daniels also has about 300 employees in Australia across 17 sites, including two incineration facilities in Sydney and Melbourne, as well as three joint venture managed sites in New Zealand.

Toxfree managing director Steve Gostlow sees Daniels as highly complementary to Toxfree’s existing business and culture, and the deal "further expands Toxfree’s ambitions to be the leader in specialist waste streams in Australia".

"Medical waste is an attractive and growing market segment, with increases in compliance and disposal regulations contributing to increased growth and high customer retention," Gostlow says.

"Daniels is the leading player in medical waste services in Australia with long-term contracts with hospitals and large medical centres, with specialist intellectual property and know-how."

Daniels’ local management team "has a long history of involvement in the medical and waste sectors in Australia", and existing operational staff will become employees of the Toxfree Group.

Daniels founder, Dan Daniels, will remain as an advisor to the business and assist Toxfree with strategic development and operational management.

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