RALEIGH, N.C., Jan. 4 /PRNewswire-FirstCall/ -- Waste Industries USA,
Inc. (Nasdaq: WWIN), a regional, non-hazardous solid waste services
company, announced that it has acquired a hauling company in Georgia, and a
small residential collection operation in South Carolina. The two
transactions are projected to generate approximately $4.5 million in
annualized hauling revenues.
The acquisition of Jimmy Tibbitts Enterprises, LLC, in Dallas, Georgia
continues the execution of the Company's west-Atlanta market strategy,
adding roll-off revenues and a transfer station operation while creating
the anticipated added benefit of internalizing significant new tons into
the Company's two existing Atlanta area landfills.
The residential customers purchased from Double Springs Sanitation,
Inc. in Greenville County, South Carolina are along existing Company
collection routes and should improve route density and productivity.
Jim Perry, CEO, stated, "These two acquisitions reflect our continued
desire to strengthen our routes in desired markets and where possible to
internalize greater volumes of waste collected into our landfills."
Waste Industries USA, Inc. is a vertically integrated solid waste
services company that provides collection, transfer, disposal and recycling
services to commercial, industrial and residential customer locations in
the states of North Carolina, South Carolina, Virginia, Georgia, Tennessee
and Mississippi.
This press release contains "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can generally be identified as such because the statement will
include words such as the Company "expects," "believes," "anticipates" or
words of similar import. Similarly, statements that describe the Company's
future plans, objectives or goals are also forward-looking statements.
Forward-looking statements are subject to risks and uncertainties, such as
managing growth, risks in the development and operation of landfills, fuel
prices, weather conditions and economic trends that could cause actual
results to differ materially from those currently anticipated. Consider
these factors carefully in evaluating the forward-looking statements.
Additional information concerning factors that could cause actual results
to differ materially from those in the forward-looking statements is
contained from time to time in the Company's SEC filings. The
forward-looking statements made herein are only made as of the date of this
press release and the Company undertakes no obligation to publicly update
such forward-looking statements.
SOURCE Waste Industries USA, Inc.
 back to top
Related links:
http://www.waste-ind.com
http://www.prnewswire.com/comp/120685.html /
CONTACT:
Jim Auten of Waste Industries USA, Inc.,
+1-919-325-3000, or Auten@waste-ind.com
|
