NTR plc and Greenstar North America Buys Todd Heller

Date: September 6, 2007

Source: NTR plc


At its AGM in Dublin today (Thursday, 6 th September), NTR plc announced the acquisition by its North American recycling business, Greenstar North America ("GSNA") of Todd Heller, Inc ("THI"), an integrated recycle processing and upgrading company based in Allentown, Pennsylvania. GSNA is the recently established North American Recycling Led Waste Management division of NTR, headquartered in Houston, Texas.

"We are very enthusiastic about the market opportunity for THI and Greenstar North America. THI's recent investment in new generation recycling technology will complement our existing operations in the Pennsylvania market and THI's material upgrading capabilities will help us to open up innovative new markets for recycled materials," said Steve Ragiel, Chief Executive Officer of GSNA.

Tom Roche, Chairman of NTR plc said: "As reported in our Annual Report for 2007, we have seen significant progress in the continuing evolution of NTR as a leading international developer and operator in renewable energy and sustainable waste management. Today's announcement further confirms our commitment to the sector and we believe will enhance Greenstar North America's objective of taking a leadership position in the US recycling industry." (Ends)

NTR plc

NTR plc is a leading international developer and operator in renewable energy and sustainable waste management. In 2006, the company announced a revised corporate strategy which will involve the investment of €3 billion over the next three years in its core businesses; Airtricity, Greenstar and Bioverda. The company employs 1,600 people and has an annual turnover of in excess of €460 million. NTR has operations in Ireland, the UK, Germany and the US.

Greenstar North America

Greenstar North America (GSNA) is establishing a position as a leading provider of sustainable recycle solutions in the processing, upgrading and trading sector of the US solid waste market. The THI transaction is GSNA's third acquisition in the US this year, following the acquisition of Recycle Management Corporation in Pittsburgh, Pennsylvania and Delta Management Corporation in Normal, Illinois.

Todd Heller Inc, Allentown, Pennsylvania

Todd Heller Inc.(THI) is one of the original pioneers of glass recycling in the US and has been a consistent innovator in the use of optical sorting and mechanical upgrading equipment since 1981. The THI business processes over 110,000 tons per annum of bottles and cans, waste paper and glass at its site in Allentown, PA. THI is the largest residential recycler in northeastern Pennsylvania.

Issued on behalf of NTR plc by Heneghan PR
For reference:
Nigel Heneghan / Rachel Watchorn
Heneghan PR
Tel: + 353 (01) 660 7395

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