Waste Management to manage 15M tons of waste annually with its acquisition of Greenstar

By Editor

Share

Greentech Lead America:Waste Management announced that its subsidiary, WM Recycle America, has acquired Greenstar, from NTR. With this acquisition, Waste Management will have capacity to manage approximately 15 million tons annually of recyclable materials for municipal, industrial, and commercial customers.The acquisition will provide Waste Management’s customers with greater access to recycling solutions by adding the operations of one of the nation’s largest private recyclers to Waste Management’s already extensive recycling network, the company said.

The Greenstar material recovery facilities complement Waste Management’s existing recycling assets, while their managed services business expands Waste Management’s brokerage and national account service offerings.

Waste management

In 2012, the acquired operations of Greenstar and its subsidiaries managed approximately 1.5 million tons of recycled material for over 12,000 customers through 12 material recovery facilities, including seven single-stream plants, and a brokerage business for recovered material.

“We have a stated goal of managing 20 million tons of recyclable material by 2020. With these assets, we have the capacity to achieve almost three quarters of that goal and extend our ability to provide the recycling services that customers want,” said William Caesar, president of Waste Management Recycle America and Organic Growth.

This acquisition aligns with Waste Management’s financial goals of growing earnings, expanding margins, increasing free cash flow, and increasing returns on invested capital. Operational activities at these facilities will continue as normal while integration with WM proceeds in the weeks ahead.

editor@greentechlead.com

Latest News

Related