Bingo Industries

Bingo Industries is an Australian waste management and recycling company founded by the Tartak family in 2005.[1] With Headquarters in Sydney, Australia and network across Melbourne, Australia the Company operates residential and commercial waste services, recycling services and bin manufacturing through subsidiary company TORO Waste Equipment [2] Its origins were formed in 2005 when Tony Tartak purchased a small skip bin company.[3]

Bingo Industries
IndustryWaste management
FounderTartak family
HeadquartersSydney and Melbourne, Australia
Key people
Daniel Tartak (CEO)
ParentMacquarie Group
Websitebingoindustries.com.au
A Bingo Industries vehicle and skip bin

The company was floated on the Australian Securities Exchange in 2017, becoming a public company with a launch share price of $1.85, earning its founders around $452 million whilst retaining a 30 percent stake.[3][4] Prior to its float, it held a 24 percent share in the building and demolition waste market.[3]

In 2018, Bingo Industries acquired Dial A Dump for $578 million.[5] The transaction was approved by the Australian Competition & Consumer Commission in February 2019.[6] In April 2021, Bingo Industries was purchased by Macquarie Group.[7]

In October 2022 the former CEO of Bingo Industries, Daniel Tartak, pleaded guilty to criminal cartel offences over price fixing in Sydney in 2019.[8]

References
  1. Autorino, Tammaso (17 July 2018). "Why the Bingo Industries Ltd (ASX:BIN) share price jumped higher today". The Motley Fool.
  2. "Bingo Industries Limited - Profile Company Report Australia". Ibis World. 30 June 2018. Retrieved 3 November 2018.
  3. Evans, Simon (18 April 2017). "Bingo Industries float windfall for Tartak family". Australian Financial Review. Retrieved 3 November 2018.
  4. Cummins, Carolyn (13 April 2017). "Trashy float set to fill pockets". Sydney Morning Herald. Retrieved 3 November 2018.
  5. "Bingo Industries to acquire Dial A Dump Industries". Waste Management Review. 21 August 2018. Retrieved 3 November 2018.
  6. "BINGO receives green light from ACCC for Dial a Dump acquisition - Waste Management Review BINGO receives green light from ACCC for Dial a Dump acquisition". 27 February 2019.
  7. Macquarie takeover boosts Bingo but ASX falls on mixed US leads ABC News 27 April 2021
  8. "Former Bingo CEO pleads guilty after skip bin cartel probe". Australian Financial Review. 20 October 2022. Retrieved 20 October 2022.

Official website

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