CLEANAWAY'S hazardous waste incinerator in Ellesmere Port could soon be under new management.
France-based Veolia Environmental has just paid £595m for the Bridges Road plant along with all Cleanaway's other sites in this country and abroad.
The sale is conditional upon approval from the relevant competition authorities in Europe.
Veolia, formerly known as Onyx, says the new combined business will be the largest player in the UK waste sector with a turnover of close on £1 billion.
Cleanaway's parent company Brambles announced the move on Friday.
As part of the deal Veolia has assumed responsibility for the Cleanaway pension fund, which is currently £56m in deficit.
The sell-off of Cleanaway is part of a global sale of assets by Brambles which has generated more than $3 billion.
Brambles chief executive David Turner, said: 'The sustained improvement in Cleanaway UK's performance this year has led to the attractive price and clean exit.'
As part of the takeover deal Veolia has picked up Cleanaway operations in the UK, Germany, Australia and New Zealand.
Cleanaway UK is one of the largest collectors of municipal, commercial, industrial and trade waste in England and Wales and operates a specialist fleet of about 2,000 vehicles.
It employs more than 7,500 people and operates a nationwide network of service centres, the Ellesmere Port incinerator and four active landfill sites.
The Pioneer asked what affect the deal might have on the 65 employees at the Bridges Road plant.
A statement from Veolia says: 'As this deal is strictly subject to approval from the EU competition authorities it is not possible to confirm more at this time.'