HISTORY
Founded with a vision of treating waste as a resource
The name “Oricol” originates from the combination of two words. These words communicate an all-encompassing understanding of our business and its core offerings.
“Ori” refers to the origins of the earth and “col” alludes to collaboration – working hand in hand with our clients to provide the most innovative environmental services solutions for their business.
Oricol, originally formed under the name of Onyx Waste Management Services, has been operating successfully in South Africa since 2002.
Onyx Waste Management Services was incorporated on 1 January 2002 with the objective of providing the South African market with a comprehensive approach to managing waste that aimed to offer a more sustainable and viable alternative to the waste to landfill based strategy that was prevalent in the market.
The company was founded upon the vision of treating waste as a secondary resource and offering a full range of environmental services that addressed the need for the sustainable management of our finite resources.
The range of services includes the collection, transfer, processing, beneficiation and disposal of commercial and industrial wastes.
In April 2006, Onyx changed its name to Veolia Environmental Services to more accurately illustrate its position within the Veolia Group.
Veolia Environmental Services S.A. was a wholly-owned subsidiary of Veolia Propreté (Veolia Environmental Services (VES) – France). On a global basis, VES International is the leader in waste management and by revenue measured in US Dollars the largest waste management company in the world.
In November 2010, a consortium comprising Lereko Investments (Pty) Ltd, Metier Investment and Advisory Services (Pty) Ltd and management acquired the entire shareholding from Veolia Propreté.
This transaction resulted in the company’s name being changed to Oricol Environmental Services (Pty) Ltd, with the new owners of the company boosting the black shareholding to 55%.
In June 2024, Oricol Environmental Services announced that Infra Impact Investment Managers had acquired a majority equity stake from Lereko Metier Environmental Solutions Holding.
The successful share sale transaction resulted in the Infra Impact Mid-Market Infrastructure Fund 1 becoming the new majority shareholder in the company after the deal met all the required regulatory approvals.
